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Edinburgh Woollen Mill eyes up Internaçionale's IP assets

Edinburgh Woollen Mill (EWM) is understood to be one of a number of parties to have expressed interest in buying the intellectual property (IP) of Internaçionale, the value chain that hit the buffers earlier this year.

Internaçionale’s IP assets, which includes its trademark, customer database and website content, have attracted interest from a wide range of parties, including high street retailers, private equity companies with retail portfolios and an Asian fashion group, since they were put up for sale last month.

It is thought the number of interested buyers has reached double figures ahead of the deadline for offers on Friday August 8. IP specialist Metis Partners is handling the sale.

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 has a history of buying young fashion chains, previously snapping up Jane Norman and Peacocks out of administration. Jane Norman went back into administration in June.

EWM was not available for comment.

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