In a statement put out this morning, reacting to press speculation over the weekend, Land of Leather said the interest may or may not lead to a bid for the group.
Interested parties are said to include turnaround specialist Hilco and private equity company Sun European.
It added: âThe company has no debt and hence no requirement to pursue a sale of the business unless it realises shareholder value.â
Land of Leather also issued a gloomy trading update this morning reporting that total sales orders in the three months to November 2 had plummeted by 47 per cent.
The company remains debt free, however, with a cash balance ofÂŁ6.9 million includingÂŁ4.5 million held by the bank as security.
The retailer said that conditions were set to remain tough throughout the new year, including the January sales period.
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