The battle for Internaçionale’s intellectual property (IP) has been whittled down to three parties, with one understood to be Edinburgh Woollen Mill (EWM).
It is understood that all three of the interested parties are retailers. Metis Partners, the IP specialist handling the sale, has set the minimum bid at £125,000.
Internaçionale’s IP assets, which include its trademark, customer database and website content, has attracted interest from a wide range of parties since they were put up for sale in July. Strong interest in the brand led to Metis Partners pushing back the deadline for offers from August 8 to this earlier week.
Internaçionale operated from 89 stores until it fell into administration in February and appointed PwC to wind down the company. As of June, all of its stores were closed.
EWM was not available for comment.