In February 1996, Mark One was bought from administration by billionaire Philip Green, future owner of BHS.

[citation needed] In November 2004, the 177 store MK One chain was bought by the Icelandic group Baugur for £55 million (this included £11 million worth of debts);[2] in February 2009, Baugur itself entered the equivalent of administration.

[6] The company was sold from administration back to Mark Brafman, its founder, via Jet Star Retail.

[8] On 25 November, eighty stores were sold by administrators (Neil Bennett of Leonard Curtis) to Internacionale Retail.

[citation needed] The textiles group from India, S. Kumars Nationwide, purchased Glasgow based Internacionale earlier in May 2008.