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'Administration for Dwell' – report

dwell3Speculation over the future of furniture chain Dwell has intensified, with claims it will enter administration within days.

The Financial Times reports that Duff & Phelps has been lined up as administrator ahead of a possible pre-pack deal which could see founder Aamir Ahmad regain control of the 24 store chain.

Last month, Dwell hired Argyll Partners to find a buyer. Dwell's pre-tax losses rose to £675,320 from £456,349 in the year to January 27 2012, according to its latest accounts. Boosted by six new stores, turnover rose by 3% per cent to £34.5m.