Internacionale and ModelZone heading for administration
The Daily Telegraph has reported that Internacionale, which has almost 150 stores, has filed a notice to appoint Ernst & Young as administrators. Meanwhile, toy retailer ModelZone is set to appoint Deloitte.
Internacionale is understood to employ around 900 people. The company previously fell into administration in 2008 but was rescued through a sale to an Indian textile company.
ModelZone employs over 400 staff and operates around 50 stores across the UK.
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