Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Speculation mounts over Internacionale’s future

Value fashion retailer Internacionale UK has made redundancies among London head office staff as speculation mounts about its ownership.

The chain was bought out of administration in July last year in a pre-pack deal that at the time saved 1,550 jobs and all but 18 of its 132 stores. The new company, Internacionale UK Limited, was backed by the existing shareholders of former company Internacionale Retail Limited.

Yesterday morning Drapers sought clarification of the position from the company having been contacted by several sources. Press officer Liz Ashford told Drapers that a statement was expected in the afternoon.

When none was forthcoming, Drapers contacted the company again to be told by a restructuring consultant within Internacionale, who does not want to be named, that Ashford had been redundant along with about a dozen other staff.

The consultant denied that other widespread redundancies were planned, but the Internacionale stores in Swansea and in Cardiff have been closed in the past few days and Drapers is aware of comments on Twitter from disgruntled staff who claim they have been made redundant.

Industry speculation suggests that Internacionale has been acquired, or is about to be acquired, by a restructuring firm.

Readers' comments (3)

  • Another ones bites the dust. It's about time it was made harder to go into administration-as staff and suppliers always lose out.

    Unsuitable or offensive? Report this comment

  • Internacionale will do this time and time again until the law changes. So many retailers are taking the p*ss these days, it's laughable. The law is being abused.

    Unsuitable or offensive? Report this comment

  • The law is certainly being abused. No doubt Internacionale will re-emerge as something again and do this all over again. Why can't people do business honourably nowadays.

    Unsuitable or offensive? Report this comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.