Stylo linked to Dolcis deαl
- Published: 11 February 2008 10:32
- Author: Laura Weir
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- Last Updated: 11 February 2008 18:40
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Stylo, the owner of Barratts, has been linked to a rescue deal for Dolcis
Stylo is understood to be in negotiations to buy beleaguered footwear chain Dolcis out of administration.
Stylo, which owns the Barratts and Priceless chains, is understood to be among the parties circling the business. However a source close to the situation said: "Stylo has shown interest and has tried to do due diligence but it is a very difficult business to work out and is a tricky situation."
One supplier added: "Stylo is in talks with suppliers over the [Dolcis] stock as they want to do a clean deal. Whether they will take all of the shops I don't know but Stylo has recently strengthened its management team so it could cope with a bigger business."
Earlier this month administrator KPMG said it had received 40 expressions of interest for Dolcis but the majority of these were thought to relate to bundles of stores. Former Dolcis owner John Kinnaird has also expressed interest in rescuing some of the Dolcis shops and had held negotiations with landlords.
No one at KPMG was available for comment.
