A UK fashion chain formed following last year’s collapse of Ethel Austin fell into administration today, casting uncertainty over the future of more than 1,000 jobs.

Around 2,500 jobs are under threat at budget clothing chain MK One after the group was put into administration.

Discount clothing retailer Ethel Austin mapped out plans today to open 200 new stores in the UK and create 2,500 jobs over the next five years.