An investment fund has acquired the debt in Ossian Retail Group, the owners of homewares brand Au Naturale and fast-fashion chain Internacionale.

Agilo, a London-based fund that invests in distressed companies, plans to turn the retail group around.

Earlier this month, Ossian did not meet its full rent and service charge obligations due on March 25, and approached landlords about paying rent monthly instead of quarterly.

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