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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.

About 85 MK One stores and 800 jobs were saved from administration by Internaçionale earlier this week. Internaçionale chief executive Nigel Fisher said it was early days but that the long-term intention was to rebrand the stores to Internaçionale.

He said: “This will give us a significant hold in middle England and the south. It was the ideal opportunity to get what were perfect size and right location shops for us even in these difficult times.”

MK One’s head office in Acton, west London, will close but Fisher said Internaçionale plans to open a London buying office for the enlarged operation.

The headquarters will continue to be located at Internaçionale’s Glasgow office.

This is the second time that young fashion chain MK One has been rescued this year. In May it was bought out of administration by supplier Bali Singh in a deal fronted by MK One founder Mark Brafman.

Brafman left the business last month and MK One appointed Leonard Curtis as administrator last week. Leonard Curtis said it was seeking buyers for MK One’s remaining stores, of which there are understood to be about 45.

Leonard Curtis administrator Neil Bennett said: “We are delighted to save the jobs of more than half of the employees. This also means that, further down the chain of suppliers, other jobs will be saved.”

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