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Troubled Au Naturale to shed jobs Troubled Au Naturale to shed jobs
(about 3 hours later)
Homeware retailer Au Naturale is expected to shed jobs after its parent company went into administration. Homeware retailer Au Naturale is expected to shed jobs after its parent company hit cashflow problems.
The BBC understands that Glasgow-based Ossian Retail Group is being broken up after experiencing cashflow problems in relation to some of its 120 outlets. Parts of Glasgow-based Ossian Retail Group are being sold off after banks refused to extend the company credit.
According to reports, 1,500 Au Naturale staff were issued with redundancy notices on Thursday. More than half of Au Naturale's 105 stores have already been sold with more expected to follow.
The group's high-street fashion chain, Internacionale, has also been sold off to an unnamed buyer. The group's high-street fashion chain, Internacionale, has also been sold off to an unnamed overseas buyer. Details will be released next week.
Have you been affected by the problems at the chain? Are you among the staff at Au Naturale or Internacionale? Send us your comments.
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