Retail investors including Sir Philip Green and Dragon’s Den star Theo Paphitis have been named as likely interested parties for Baugur assets, after its UK subsidiary was placed into administration at the close of last week.

Baugur’s assets, which include Hamleys and House of Fraser, have also attracted the attention of private equity players including Bridgepoint, Alchemy, Sun Capital and Perima, according to the Telegraph.

It has also been reported that failed Icelandic bank Kaupthing is planning a financial restructuring of Mosaic, the fashion group that runs chains including Coast and Oasis, and intends to take full ownership of the business.

Baugur had a 49 per cent stake in Mosaic until its collapse last week. There had been speculation that Mosaic would be broken up following investor interest in individual parts of its portfolio.

Karen Millen co-founder Kevin Stanford is understood to be considering an offer for Baugur’s 35 per cent stake in fashion chain All Saints. Stanford already holds a majority stake in All Saints.

PricewaterhouseCoopers now holds Baugur’s stakes in Hamleys, jeweller Aurum, House of Fraser and Iceland after Baugur decided not to pursue a moratorium in Iceland, which would have prevented Landsbanki taking control of its UK assets. Landsbanki has said it will not oppose a moratorium for the rest of Baugur's business.

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