1,500 retail jobs saved after Internacionale pre-pack

BUDGET fashion chain Internacionale Retail has been sold out of administration in a deal safeguarding more than 1,500 jobs.

Insolvency partners Tom Jack and Sam Woodward of EY in Manchester were appointed joint administrators of the business today and immediately sold it to a new business set up by its former directors, Internacionale UK Ltd as a going concern.

EY said 114 of Internacionale's  132 stores, head office and finance operation  had been acquired by the new business. The remaining 18 stores will close... For the full story register now for free or login below...