Women’s clothing retailer Internacionale has gone into administration.
The chain has ten stores across Northern Ireland, employing 120 people, including one in Dungannon which employs 10 people.
This is the third time the company has gone into administration since 2008. Bruce Cartwright, joint administrator and partner at PwC said: “The company directors have worked with key stakeholders to try and find a solution to preserve the business.
“However, these efforts have proved to be unsuccessful against the backdrop of a fiercely competitive retail sector which, despite the improving economic conditions.
“We are currently working with management to agree an orderly wind-down of the company, but we welcome any approaches to purchase parts of the store portfolio and safeguard jobs.
“We intend to continue to trade over the coming weeks in order to sell as much of the retail stock as possible and maximise the return to creditors. Staff have been -and will continue to be - paid for their work. “