Internaçionale administrators have closed another 26 stores, making 300 redundancies as it winds the value fashion retailer down.
PwC was appointed to Internaçionale at the end of February. It then closed eight shops out of the 89-store estate in March.
To date, 34 stores have closed. PwC is continuing to trade the remaining 55 stores.
PwC joint administrator and partner Bruce Cartwright: “As stated at the time of appointment, without an interested buyer for the business or store portfolio, it was inevitable that redundancies and store closures would be necessary as the administration process continues.
“As a result, regrettably, an additional 26 stores have been closed, which means in total around 300 members of staff have been made redundant since the appointment.
“Fifty five stores are currently still trading but all will be closed over the coming months as the company winds-down.”
Internaçionale collapsed after the retailer’s directors were unable to sustain a viable business in a competitive retail sector, according to PwC.