TASMANIAN retail magnate Jan Cameron has bought back her own failed company.
Ms Cameron's DSG Holdings bought Retail Adventures for $58.9million on Monday, four months after she put the floundering discount retail company into voluntary administration.
Retail Adventures was the parent company for Chickenfeed, as well as discount chains Go-Lo, Sam's Warehouse and Crazy Clark's.
Most of Tasmania's Chickenfeed stores closed or were rebranded weeks before going into voluntary administration on October 26 last year.
About 790 jobs were lost.
Administrator Deloitte said the purchase offer related to the 236 Sam's Warehouse and Crazy Clark's stores that DSG Holdings had been operating under licence since November.
Since then about 60 Go-Lo and Chickenfeed stores have been rebranded as Crazy Clark's and about 100 have closed Australia- wide.
DSG Holdings has been covering entitlements for redundant employees.
A spokesman for Deloitte said it would be up to Ms Cameron whether she wanted to reopen the closed Chickenfeed stores.
Attempts to contact Ms Cameron were unsuccessful.
Administrator Vaughan Strawbridge said the offer from DSG Holdings was the highest received after a public sale process.
The sale is expected to be complete on March 1.