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News
Usdaw to raise concerns about Life & Style with Government
Shopworkers union Usdaw is writing to the Department of Business, Innovation and Skills to detail concerns over the running of fashion and homewares chain Life & Style and its predecessor company Ethel Austin.
No wages for Atlantic staff
Up to 200 staff at value chain Atlantic Fashions are facing Christmas without their wages after a merger between the chain and MK One failed to complete before administrators were appointed.
Internaçionale steps in to save 85 MK One stores
Internaçionale will use its rescue of MK One to boost its retail presence in mid and southern England.
MK One rescued by Internacionale
MK One has been rescued from administration by young fashion chain Internacionale.
MK One in administration
MK One has gone into administration for the second time this year.
Bali Singh secures funding for MK One
Bali Singh, the owner of MK One, has secured new financial backing for the value chain and is on the hunt for a new management team following the departure of Mark Brafman last week.
Shock exits add to turmoil at MK One
MK One founder Mark Brafman and director Michele Brafman are understood to have left the business this week, just six months after they helped to rescue it.
MK One lures back Deacock
MK One owner Mark Brafman, who rescued the business in May, has lured back former director Dolly Deacock to head up the value retailer’s buying team.
MK One owes creditors more than £50m
MK One, the value chain that went into administration in May, owes creditors and suppliers more than £50 million.
Brafman buys MK One
Mark Brafman, a former director of value chain MK One, has bought the business out of administration for an undisclosed sum.
McPherson plots value empire
Elaine McPherson, the saviour of Ethel Austin and former chief executive of MK One, has emerged as the mystery buyer of homewares chain Au Naturale and has reunited her former MK One management team to help build a value supergroup.
MK One in administration
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.
Baugur sells MK One to Hilco
Baugur has sold its beleaguered young fashion chain MK One to retail restructuring specialist Hilco, according to The Daily Telegraph.
MK One faces possible administration
MK One could be put into administration if the Baugur-owned value chain fails to find a buyer, according to The Daily Telegraph.
Suppliers consider legal action against MK One
Suppliers of MK One are considering legal action against value fashion chain MK One after it cancelled payments.
