The administration may have to refund part, or perhaps even all, of the money paid under tariffs so far following the Supreme Court decision, Sky's Ed Conway says.
Blastr, which has drawn up plans to relocate its holding company from Norway to the UK, is among the bidders in talks to buy Speciality Steels UK, which was previously owned by Sanjeev Gupta, Sky News learns.
The Facebook founder has appeared in front of a jury for the first time, responding to the allegation that he put profit over the health and wellbeing of children.
The deal comes as the popularity of used clothing has grown in recent years, with consumers seeking a sustainable, more affordable alternative to traditional retailers.