Mark One, the troubled fashion retailer which went into administration last week, has been part-rescued by rival retailer Internacionale.

Administrators Neil Bennett and Michael Healy of Leonard Curtis sold 85 of the group’s 125 stores to Internacionale.

Mark One, originally founded in 1985, had been placed into administration in May and turnaround specialist Hilco bought it out of administration.

Hilco then sold the company on to retailer Mark Brafman, who in turn left in October.

Deloitte, which acts for MK One's original lenders, appointed the insolvency accountant Leonard Curtis to try to find a new buyer last week.

Internacionale had been owned by Ossian Retail which went into administration in May. It was bought out by Indian textile and clothing manufacturer S Kumars Nationwide in June. It has around 65 stores.