Express & Star

Hundreds of jobs put at risk as Internacionale in trouble

The Internacionale women's fashion stores chain, which has shops in Wolverhampton's Mander Centre and at the Merry Hill shopping centre, has gone into administration.

Published

The administrators from PricewaterhouseCoopers are to continue trading the 89 stores and are looking for buyers.

Internacionale, which employs 1,000 people, has been experiencing poor trading.

It was formed from the administration of a predecessor business in July last year, but has not enjoyed the anticipated growth and recovery.

Earlier this year, the owners engaged advisers to produce a turnaround and contingency plan intended to secure support for the business until late March, when the its ongoing viability would be reassessed.

In an interim cost-cutting exercise, 90 employees were recently made redundant.

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