Internationale sale courts ‘surprising’ amount of interest as deadline for offers extended
Failed retail brand Internationale has courted a ‘surprising’ volume interest in its sale, resulting in the deadline for offers to be extended into next week.
The fashion chain, which at its peak had 150 stores across the UK, entered administration earlier this year. Bosses cited poor trading and “increasing creditor pressure” from landlords as the cause of its demise.
Metis Partners is handling the sale of IP assets relating to the fashion chain, including the ‘Internacionale’ brand, registered trademarks, customer database and branded domain names.
Stephen Robertson, director at Metis, told the Scotsman that it had received high levels of interest.
“We’ve been quite surprised by the response but I think it is partly down to the fact Internacionale is seen as a value brand at a time when retailers in that segment are doing very well,” he said.
The deadline for offers was Friday 8 August but this has been extended until 4pm on Wednesday 13 August.