Partner Article

19 redundancies at Gateshead fashion retailer

Administrators of stricken fashion chain Internacionale have closed the brand’s Gateshead store, resulting in 19 redundancies.

The womens’ clothing chain, with stores across the North East, entered into administration towards the end of February, due to increasing pressure from creditors.

Administrators at PwC have now closed stores in Gateshead, and others around the country, as part of a review of the company’s portfolio.

Bruce Cartwright, joint administrator and partner at PwC said: “Since appointment, the administrators of Internacionale have been assessing the viability of the company store portfolio.

“As a result of this ongoing review, the administrators have taken the difficult decision to close eight stores this week which means that 91 staff working at these stores will be made redundant in due course.

“The PwC team is making every effort to assist staff at this difficult time. The administrators will provide further updates as developments occur.”

This was posted in Bdaily's Members' News section by Tom Keighley .