MK One in administration

MK One goes into administration

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MK One, the value chain, which was bought by restructuring specialist Hilco from Baugur for £1 earlier this month, has appointed Deloitte as administrators today.

Lee Manning, partner in Deloitte's reorganisation services practice, said: "We are continuing to trade the business as a going concern whilst seeking a buyer.  MK One has a strong customer base, a range of good brands and an excellent store portfolio."

MK One operates from 172 stores and employs 2,500 staff.