Clothing chain Kookaï's future is hanging in the balance, according to press reports.

Shares in Kookaï's UK operator Forminster have reportedly been halted as the retailer admitted its trading position was "highly uncertain".
 
Kookai has confirmed that its master franchise deal with Forminster's subsidiary, Adjustbetter, is not appropriate for renewal and has said it is in discussions with Forminster over future plans.

However, reports claim that no conclusion has yet been drawn and Kookai's board is said to have now requested its share trading is suspended.

The current agreement between the two businesses is due to expire on 1 January.
 
Forminster's Kookaï franchise is its principal business.