British Homes Stores chief executive Terry Green is in talks to buy Rubicon for himself after he leaves next month.
He is thought to be considering a bid that would value the company at £50m-£60m.
Rubicon is a management buy-out vehicle that was spun out of Arcadia last October.
Financial Times 20/05/02 page 23
The Times 20/05/02 page 40
The Daily Telegraph 20/05/02 page 25
The Independent 20/05/02 page 17
