Bensons for Beds could be reacquired by a specialist backer of troubled retailers in a pre-pack insolvency deal.

Alteri Investors, the owner of the Harveys furniture chain and Bensons for Beds, which both have stores in Cheltenham and Gloucester, is proposing a restructuring arrangement that would see administrators appointed in the next few weeks, as reported by Sky News.

But such a deal could be the end of Harveys, which employs nearly 700 staff, unless a buyer can be found.

Between them, Harveys and Bensons for Beds trade from 269 stores across the UK and employ nearly 2700 people.

Bensons for Beds is the largest bed retailer in the UK by store number and the third-largest by revenue.