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Internacionale has been sold in a pre-pack administration to a newly-formed company, saving 1,550 jobs in its 114 fashion stores.

Internacionale is planning to expand its chain of 75 Au Naturale homeware stores to 200 over the next five years.

Internacionale, the Glasgow-based chain of 147 Au Naturale homewares and Internacionale fashion stores, has undergone a £45m management buy-out backed by Penta Capital.

Internacionale is planning to open a further 15 Au Naturale homewares stores by next March, having appointed Savills to find units of up to 10,000 sq ft.