Mikey goes in administration

Since February this year, accessory business Mikey has been on the market for sale. Offered for £7.5 million, so far the company is still looking for an adequate buyer and appointed BDO Stoy Hayward to find one. Two years ago, former Director of New Look, Alan Wood already bought Mikey from administration. Due to sales drops many jobs have been lost and it is unclear what other consequences the administration will have.