Aquascutum, the British luxury label, is being eyed by Jaeger owner Harold Tillman.
The fashion mogul, who is also chairman of the British Fashion Council, is understood to be considering a bid for Aquascutum, which has been owned by Japanese company Renown since 1990.
Tillman is thought to have been considering a bid for some time but has increased his attentions since Renown put its 343-strong workforce into consultation and invited bids for the company in June.
This followed the departure of chief executive Kim Winser in May following a failed attempt at a management buy out.
Since then interest in the struggling luxury label has been rife. Alan Lewis, the chairman and owner of Crombie, is reported to have made an offer in June. In the same month David Hewitt, the former managing director of Daks, told Drapers he too was interested and had sufficient backing to make a bid. However Hewitt is thought to have had his most recent bid rejected.