Apparel maker William Baird could be in the frame again according to reports in the Observer newspaper claiming that the company could be in line for another bid from the venture capital firm Alchemy Partners. Earlier this year the Alchemy Partners, which currently holds a 30 per cent stake in the company, attempted a management buyout of Baird, but failed due to disagreements over the level of the company's debts and the drop in Baird's share price.