Theo Paphitis, owner of Ryman Group and star of Dragons’ Den, is in the running to take on former HMV, Jessops and Blockbuster stores.

The retail entrepreneur has held talks with administrators to the collapsed companies Deloitte and PwC.

Paphitis revealed he is attracted to the HMV brand but believes other retailers with more specialist expertise would better fit the entertainment chain, said the Daily Mail.

Paphitis said: “My interest for HMV harks from an era that thinks what a great brand. Often I have looked at things and thought is there something there? 

“Also I could put a Dyas or Ryman in some of its stores, and am also talking to the administrator of Jessops where I have identified some shops, as well as Blockbuster.”

Blockbuster administrator Deloitte confirmed it had been contacted by Paphitits. As the administrator to HMV, Deloitte has sent out information to 20 interested parties for the chain.

Deloitte has also sent out information relating to Blockbuster to about 20 parties across trade and private equity.

According to The Times, first round bids are due in on February 8.

Deloitte is aiming to sell the Blockbuster business as a going concern, but 160 stores have been earmarked for closure already.

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