Maurice and Michael Bennett are in talks to conclude a deal with Deloitte, which was appointed to handle the sale of the business at the start of the month.
Kookaï will join Long Tall Sally, the high street chain that caters for tall women, in the Bennett brothers' retail portfolio. Kookaï trades from 25 UK stores and 30 concessions. It collapsed into administration on January 3. It had been run by AIM-listed group Forminster under a franchise agreement with its French parent, Groupe Vivarte.
Kookaï's troubles began in autumn last year when Groupe Vivarte warned Forminster, which ran the business through its Adjustbetter subsidiary, that it did not wish it to renew the brand licensing agreement, leaving a question mark hanging over the brand's UK future during the crucial Christmas trading period.
The Bennett brothers, who were also behind Warehouse, cut their ties with Oasis after selling out to Icelandic group Baugur three years ago.
Details of the sale could be announced as early as today.
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