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| Version 2 | Version 3 |
|---|---|
| Troubled Au Naturale to shed jobs | Troubled Au Naturale to shed jobs |
| (30 minutes later) | |
| Homeware retailer Au Naturale is expected to shed jobs after its parent company hit cashflow problems. | Homeware retailer Au Naturale is expected to shed jobs after its parent company hit cashflow problems. |
| Parts of Glasgow-based Ossian Retail Group are being sold off after banks refused to extend the company credit. | Parts of Glasgow-based Ossian Retail Group are being sold off after banks refused to extend the company credit. |
| 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 overseas buyer. Details will be released next week. | The group's high-street fashion chain, Internacionale, has also been sold off to an unnamed overseas buyer. Details will be released next week. |
| Ossian said that of the 65 Internacionale sites which had changed hands, 20 were shared with Au Naturale. | |
| The banks decided they could not offer sufficient funds in the present climate name here | |
| To date, 31 exclusive Au Naturale sites have been sold off, with several more expected to follow. | |
| The BBC understands that there have been up to 12 redundancies with the sale of Internacionale. | |
| Ossian was reluctant to confirm the number of redundancies at Au Naturale. | |
| Chairman David Brock said the sell-offs had been caused by cashflow problems but both businesses remained in good health. | |
| "The businesses are in good shape, are growing and have very bright futures," he said. | |
| "They needed some cash, as trade had been difficult in the last quarter. | |
| "But the banks decided they could not offer sufficient funds in the present climate." | |
| Mr Brock said the break-up of Ossian would protect jobs and Internacionale had been bought by a large overseas concern. |