MFI is reported to be in emergency talks with landlords over the future of its rental terms.

The struggling furniture retailer is trying to secure new terms ahead of Monday’s quarterly rent day.

The news comes days after it was revealed that its parent company Merchant Equity Partners (MEP) had appointed Argyll Partners to help it find emergency funding for the retailer.

An MFI spokesman said: “All I can say is that MEP is continuing to review its strategic options for the business.”

In July, MEP Mayflower brought in two directors from restructuring specialist Hilco and MFI also brought in restructuring specialist Kroll Talbot Hughes.

MEP has also been in talks with other retailers – including Möben Kitchens owner Homeform and Nobia, which owns kitchen retailer Magnet – about a possible partnership.