The management teams of several Baugur-backed businesses are understood to be looking at buying back their chains.
Jane Norman and Whistles are thought to be among the businesses that are trawling the market for a possible buyer following the collapse of the Icelandic banking market last week.
Mosaic Fashions chief executive took steps to reassure the market that the business, which includes Oasis, Karen Millen and Warehouse, was sound. He told Drapers: "The business has got sufficient funding in place. We are able to pay our bills as they fall due in the medium term. What we need to do at the moment is to secure long-term funding in order to secure the business going forwards and we are prepared to deal with all parties to protect the future of our brands and employees."
For more on the Baugur crisis see tomorrow's issue of Drapers magazine.