|
|
28 May 2008
The administrators Deloitte & Touche has sold 100 MK One stores to Jet Star Retail, a company connected to Mark Brafman, who started the MK One budge clothing chain in 1985.
The sale, for an undisclosed sum. is likely to save many hundred jobs among the group's 2500 staff, although Deloitte refused to comment, according to The Press Association.
Deloitte, appointed administrators last week, has already cut 39 jobs at the group's head office. The sale represents more than half of MK One's 172 stores.
‘We will continue to trade the remaining stores under the MK One banner whilst exploring the available options,’ Deloitte partner Lee Manning said.
Further reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment