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Agilo acquires debt in Ossian Retail Group

Investment fund Agilo has acquired the debt in Ossian Retail Group, owner of young fashion chain Internacionale .

Ossian, which also owns homewares retailer Au Naturale, did not meet its full rent and service obligations for its 150 stores earlier this month and was forced to approach landlords to ask to pay its rent monthly instead of quarterly.

Agilo, a London-based fund, invests in distressed companies.

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