PricewaterhouseCoopers LLP appointed administrator to Au Naturale stores

07.05.08 - 22:29 ... source : Pricewaterhousecoopers

... Print this page Download everything on this page (zip file) 07/05/2008 18:11 Graham Martin, Ian Green and Jeremy Webb of PricewaterhouseCoopers LLP were appointed joint administrators to Internacionale Limited ("˜the company') on Wednesday 7 May.The company owned and operated Internacionale, a chain of value women's fashion stores and Au Naturale, a homeware retailer. Prior to the appointment of administrators, the company secured a sale of the Internacionale brand and stores together with 31 of the 91 Au Naturale stores securing over 1,350 jobs. The Internacionale stores will continue to trade as normal and are unaffected by this administration.On 2 May 2008, a meeting of the company's retention of title creditors (mainly stock suppliers) approved a scheme of arrangement which would see them receive 25p in the £1 as a compromise of certain rights over the stock. Implementation of the scheme ...» Next (HTML)