Several potential buyers have expressed interest in troubled clothing chain Ciro Citterio which on Thursday went into administration for the second time in two years.

The operator of more than 100 stores across the UK posted a loss of £9.7 million on turnover of £65m last year and owes creditors between £14m and £15m.

Financial restructuring firm Kroll said five possible buyers had contacted them and they expect to complete its sale by the end of next month. The chain, owned by Trident Fashions, will operate as usual in the meantime.

Trident paid £5m for the retailer two years ago and immediately axed 42 stores and 120 jobs.

A Kroll spokesman declined to name any of the potential buyers, but added: "They are all either existing high street retailers or entrepreneurs looking to enter the UK retail market."