Dawnay, Day Group has had an approach from Topland. Topland is expected to do battle with Criterion Capital, whose £2bn portfolio includes the Trocadero, in Piccadilly, in the West End of London. Dawnay, Day’s founders have called in BDO Stoy Hayward as administrators to Dawnay, Day International. Dawnay, Day’s interests include an 9% stake in Dawnay Shore Hotels, which owns the Lyon Arms, in the Cotswolds, the Majestic, in Harrogate, the Imperial, in Troon and 50% of The Wolseley restaurant, in London. The Sunday Telegraph (Business) 20/07/08 page 3, 8 The Sunday Times (Business) 20/07/08 page 3 The Independent on Sunday 20/07/08 page 2