It is also understood that the lenders could reportedly finalise the takeover deal within the next fortnight.
A group of financial investors are reportedly close to securing a deal that will see them take control of Matalan.
The retailer issued an update on its sale process just three days before Christmas, where it confirmed that it had received bids from several interested parties. Additionally, sources close to the process have reportedly said that lenders were in talks with Nigel Oddy, the chain's interim chief executive, about the possibility of making the role permanent if they succeed in gaining control of it.
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