Troubled retailer Dolcis paid back a £900,000 loan to its private equity backer before collapsing into administration according to The Sunday Telegraph. Documents filed at Companies House by Dolcis on January 16, five-days before KPMG was appointed as administrator, show that a charge held by Epic Private Equity had been satisfied in full. Dolcis also repaid Lloyds TSB which is believed to have lent the company about £1.5 million, said the newspaper.
Charles Allen the former chief executive of ITV could be in the running to back a deal to buy Kurt Geiger according to The Sunday Telegraph. The newspaper said that Graphite Capital, 3i, Advent and Highland Star with Allen's Wyfold International are among the bidders.