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Patrick Cox in rescue attempt

Patrick Cox is reported to be in talks to rescue the business after the Chinese backers of the company withdrew their support last week.

The Patrick Cox store in London's Sloane Street shut down last week and the footwear brand will not deliver its spring 08 collections.

At footwear show Micam in Milan last week there was speculation Italian factory Romit, thought to be a manufacturer and creditor to Patrick Cox, is in talks to take over the brand name.

Similarly Patrick Cox and its Chinese backers are known to have held talks with several retailers including House of Fraser about striking a licensing agreement in recent months. However talks with House of Fraser collapsed several months ago and it is unclear if there are any remaining retail parties involved.

Cox himself is thought to have no direct ownership of the Patrick Cox name.

Patrick Cox's trading company in the UK, Cobblers Ltd, is still listed as active at Companies House.

No one at Patrick Cox was available for comment.

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