Lee Manning of Deloitte has been appointed Administrator to value fashion retailer MK One.  The company entered administration on Wednesday 21 May 2008.

The company operates from 172 stores, employing 2,500 staff.  MK One is owned by retail restructuring specialist Hilco, having been acquired from Baugur.

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."

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Notes to Editors

About Deloitte

In this press release references to Deloitte are references to Deloitte & Touche LLP which is among the country’s leading professional services firms, providing audit, tax, consulting and corporate finance services. Deloitte & Touche LLP is the United Kingdom member firm of Deloitte Touche Tohmatsu (‘DTT’), a Swiss Verein whose member firms are separate and independent legal entities.  Neither DTT nor any of its member firms has any liability for each other’s omissions.  Services are provided by member firms or their subsidiaries and not by DTT.  Deloitte & Touche LLP is authorised and regulated by the Financial Services Authority.  The information contained in this press release is correct at the time of going to press.