Internacionale Explained

Internacionale Retail Ltd.
Type:Private limited company
Industry:Retail
Foundation:1980
Location:Glasgow, Scotland, UK
Products:Clothing

Internacionale was a British retailer of fashion apparel and home accessories that sold women's wear including dresses, tops, jeans, trousers, jackets and jewellery. Headquartered in Glasgow, Scotland, Internacionale had stores throughout the United Kingdom.[1] It operated under the brand Internacionale in numerous city centres in the UK, while having homeware stores under the brand Au Naturale.

History

The company was created by Ken Cairnduff, a Scottish businessman in 1980 and grew to become known as Internacionale.[2] The business was sold in 2006 to a management buyout, which at the time had 150 stores.[3]

In 2013, the company went into administration and was then sold to Internacionale UK, a new company backed by the existing shareholders of the former company. The sale kept more than 1,500 jobs alive in 114 remaining stores of Internacionale at that time.[4]

The company entered administration for the third time since 2008 on 28 February 2014. In September 2014, Edinburgh Woollen Mill agreed to purchase the intellectual property of Internacionale.[5]

Notes and References

  1. Web site: Internacionale Company Profile: Valuation, Investors, Acquisition PitchBook .
  2. Web site: Ken Cairnduff : Business for Scotland. 27 October 2015.
  3. Web site: Retailer Internacionale sold out of administration in pre-pack deal - The Daily Record p.12 Jul 2013. 12 July 2013 . 27 October 2015.
  4. News: 2013-07-12 . Jobs saved after Internacionale sold . 2023-08-16 . BBC News . en-GB.
  5. News: Holland. Tiffany. Peacocks owner Edinburgh Woollen Mill group buys Internacionale IP. 31 December 2014. Retail Week. 23 September 2014.