Next in talks to take €17.8m stake in retailer Joules

Joules said it was in talks with Next about raising the sum in a deal that would result in the clothing and homeware retailer taking a strategic minority investment in the company.

Under the terms of the deal, Next could take a stake of about 25%, according to Sky News. Picture: Nathan Stirk/Getty Images.

Next is in talks to take a £15m (€17.8m) stake in the struggling high street retailer Joules.

Joules, whose share price has slumped by almost 90% over the last year, said it was in talks with Next about raising the sum in a deal that would result in the clothing and homeware retailer taking a strategic minority investment in the company.