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Next picks up collapsed fashion chain Joules from administration

Move will save more than 100 shops and hundreds of jobs, say sources

Next has picked up the collapsed fashion chain Joules from administration, saving more than 100 shops and hundreds of jobs, the Guardian understands.

Sources said Next placed a last-minute bid in the early hours of Thursday morning, trumping one placed by South Africa’s Foschini Group, the owner of Hobbs and Whistles.

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