Deloitte called in at MK One
New owner of high street chain engages Big Four firm to value the struggling retailer and find a buyer
A partner from Deloitte has been appointed as administrator to struggling
value fashion retailer MK One.
39 people at the chain’s head office have already been axed as part of
efforts to keep the business going.
Deloitte’s Lee Manning 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.’
The company, which operates from 172 stores and employs 2,500 staff entered
administration earlier this week after recently being by snapped up retail
restructuring specialist Hilco.