The retailer's China-based franchisee wants to secure a deal to buy it from administrators this week, Sky News learns.
Its collapse into insolvency came as the chain joined the growing list of high street retailers to be buffeted by a toxic array of financial and operational headwinds.
In 2008, she sold a controlling stake to a consortium led by Phoenix Equity Partners, a private equity firm which is well-known for backing successful consumer-facing businesses.
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