Theo Fennell bid extension

The private-equity bidders eyeing jeweller-to-the-stars Theo Fennell have been given a fourth extension to the put up-or-shut up deadline.

EME Capital first made an approach to the AIM-listed luxury retailer, famous for elaborate rings and necklaces, in September.

Theo Fennell founded the company in 1982 but it has struggled with weak sales. The takeover panel has set a fifth deadline of 29 March for an offer to be made.