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	10/06/2015	Drapers, Tara Hounslea - Joules secures £11m funding for overseas expansion

	Joules plots further overseas growth

	Drapers reports that Joules has received an additional credit facility worth £11m to fund its further growth in Europe and North America. The extended facility from Barclays Corporate bank takes its total to £26m. Some 91% of Joules’ turnover comes from the UK, where it has 99 stores. However, its international sales grew by 44% during the year to May 25, 2014, driven by strong performance in the US and Germany. It brought its German distribution in-house last year and has since grown sales in the country.

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Joules plots further overseas growth