Internacionale snaps up Mark One outlets

Published on Wednesday 26 November 2008 20:12

INTERNACIONALE, the fashion retailer, yesterday bought 85 Mark One shops from administrators, including three Scottish stores.

Mark One, a value fashion chain, was put into administration last week for the second time this year.

Glasgow-based Internacionale – which already has 66 stores, including 28 in Scotland – said about 800 jobs will be saved through the purchase of the shops, which it plans to re-brand under its own name.

Neil Bennett and Michael Healy from recovery firm Leonard Curtis, who were appointed as administrators on 19 November, said they were "evaluating" the remaining 40 Mark One stores.

Mark One, founded in 1985 as Mk One, was originally placed into administration earlier this year. More than 100 of the shops were bought out of administration by founder Mark Brafman and re-branded as Mark One.