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Dragons' Den entrepreneur Theo Paphitis is expected to place a bid to buy out part of struggling retailer Woolworths.
The Dragon is among a number of parties interested in rescuing some of the chain's stores.
A BBC correspondent confirmed that Paphitis had registered his interest in the firm: "Deloitte are up against the clock to secure deals, with many suppliers already refusing to deliver to Woolworths."
Deloitte, the chain's administrator, will resume talks today with a number of parties who have shown "substantial interest" in the firm.
The entrepreneur has previously revived the fortunes of stationers Ryman and Partners and La Senza.
