Jobs at risk as fashion store Internacionale goes into administration

Warrington Guardian: Internacionale is based in Golden Square Internacionale is based in Golden Square

Up to 130 jobs in the north west are at risk with eight full time positions in Warrington expected to be lost after budget fashion shop Internacionale went into administration.

The clothing store, which has a shop in the Golden Square Shopping Centre, has 89 stores across the UK and employs around 1,000 staff.

The ‘fiercely competitive retail sector’ and economic conditions have been blamed for the company’s demise.

Bruce Cartwright, Lyn Vardy and Toby Underwood of PwC have been appointed as joint administrators of the high street retailer last week.

Mr Cartwright said any approaches to purchase parts of the store portfolio and safeguard jobs are still welcome.

He added: “We intend to continue to trade over the coming weeks in order to sell as much of the retail stock as possible and maximise the return to creditors. Staff have been and will continue to be paid for their work.

"Unfortunately, unless a willing purchaser for the business or store portfolio is forthcoming, it is inevitable that redundancies and store closures will become necessary as the administration process continues.”

Comments (2)

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6:57pm Mon 3 Mar 14

old-codger says...

People just don't have the money to spend in shops, Times are very hard for a lot of people, Its a shame for the staff as well as the store but I can see more closures before the next election.
People just don't have the money to spend in shops, Times are very hard for a lot of people, Its a shame for the staff as well as the store but I can see more closures before the next election. old-codger
  • Score: 3

9:38am Tue 4 Mar 14

GRUMPY PARENT says...

old-codger wrote:
People just don't have the money to spend in shops, Times are very hard for a lot of people, Its a shame for the staff as well as the store but I can see more closures before the next election.
Agree once most people have paid their bills out of their salary they just don't have anything left. A 1.96% Council tax rise won't help anyone either.
Still Grumpy
[quote][p][bold]old-codger[/bold] wrote: People just don't have the money to spend in shops, Times are very hard for a lot of people, Its a shame for the staff as well as the store but I can see more closures before the next election.[/p][/quote]Agree once most people have paid their bills out of their salary they just don't have anything left. A 1.96% Council tax rise won't help anyone either. Still Grumpy GRUMPY PARENT
  • Score: 2

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