Harold Tillman, the former owner of collapsed department store Allders, is mulling a bid for the troubled Croydon store.
Tillman is understood to be one of a handful of parties who have registered their interest in buying the 150 year old department store. Other potential buyers include turnaround specialist Hilco and department store group Beales, according to The Independent.
Allders hit the buffers last month, when Duff & Phelps was appointed administrator.
It was the second Tillman-backed business to hit trouble this year following the collapse of Aquascutum into administration in April. He sold most of his stake in Jaeger to Better Capital in the same month.
It is understood that first round bids for Allders will be submitted in the next week or two.