Mk One falls into administration three weeks after being bought
22/05/2008
MK One, the discount fashion chain, has fallen into administration less than a month after being sold to Hilco, the retail recovery specialist.Deloitte has once again been hired to find a buyer. It was reported in April that the administrator had been appointed to manage the sale process for Baugur. Bagur previously owned the fashion chain for four years.It is thought that hundreds of jobs could be lost out of the 2,500 strong workforce at MK One. 62 stores may have to close, leaving 110 stores open across the UK.
