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Joy in administration

Joy, the fashion and homewares retailer, has fallen into administration.

Joy, which has 28 stores across the UK and employs 370 staff, appointed insolvency practitioners Paul Appleton and Asher Miller from accountancy firm David Rubin & Partners to manage the administration.

The administrators are reviewing the financial position of Joy and negotiating the sale of the business, with a view to preserve as many jobs as possible and ensure the best possible outcome for the company's directors.

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