Theo Paphitis in talks to buy HMV

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Dragons' Den judge Theo Paphitis is in the running to be the new owner of HMV, Jessops and Blockbuster stores.

The Daily Mail reports that the boss of the Ryman, Robert Dyas and Boux Avenue chains has had discussions with administrators Deloitte and PwC about buying outlets from the collapsed retailers.

"My interest for HMV harks from an era that thinks what a great brand," Paphitis told the newspaper. "Often I have looked at things and thought is there something there? 
"Also I could put a Dyas or Ryman in some of its stores, and am also talking to the administrator of Jessops where I have identified some shops, as well as Blockbuster."
It is believed that 20 individuals have expressed interest in taking on the failed companies. 

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