Sunny

Sunny

max temp: 5°C

min temp: -2°C

ESTD 1874 Search

Retail: Lingerie chain La Senza falls into administration

16:44 01 July 2014

A branch of lingerie retailer La Senza which has gone into administration for the second time in just over two years.

A branch of lingerie retailer La Senza which has gone into administration for the second time in just over two years.

More than 750 retail jobs are at risk after the UK stores of lingerie chain La Senza went into administration for the second time in just over two years.

A corporate rescue team from PwC said it will listen to offers for the 55-store chain, which was rescued by the UK arm of an Arabian retail group in 2012.

Marnixheath, which operates the La Senza stores in the UK as well as three Pinkberry frozen yoghurt outlets in London and the South East, employs 752 people across England, Wales and Scotland.

Robert Moran, who has been appointed joint administrator of Marnixheath, said: “Like many other retailers, La Senza has been hit hard by the difficult economic environment and a slowdown in consumer spending.”

PwC will continue to trade the businesses as normal whilst discussions take place with interested parties over a sale. The North American operations of La Senza and others worldwide are unaffected by the administration.

Mr Moran added: “There are no immediate plans to close any stores and the administrators shall continue to assess the trading strategy over the coming days and weeks.”

Staff have been paid and will continue to be paid for their work, he added.

When La Senza collapsed into administration in 2012, there were 1,300 redundancies and the closure of more than 100 outlets.

However, 1,100 jobs were saved when 60 of its stores were sold by KPMG to the UK arm of Kuwait-based Alshaya. The UK business changed its name to Marnixheath in January.

Search hundreds of local jobs at Jobs24

1 comment

The views expressed in the above comments do not necessarily reflect the views of this site

Secretary general of IMO Kitack Lim (left) with Clemence Cheng, Chief executive officer HPUK and Managing Director of Europe Division, during a visit to the Port of Felixstowe, Suffolk, United Kingdom on 17-January-2017. PHOTO: Stephen Waller

Bosses at Britain’s busiest container terminal have given their backing to a new campaign to raise global standards for the safety, security and efficiency of ports.

Urban Vintage, Queen Street, Ipswich
James Cole, Dan Le Sauvage and Steven Clements

Dan is a dedicated follower of fashion, at Urban Vintage.

The presentation of last years award. From left, Jolyon Berry of Birketts, Phillip Prior and Harriet Prior of winner Adcock Refrigeration and Air Conditioning and Paul Andrews of Family Business United. 
Photo: Contributed

Fourteen firms from across four counties are in contention for the 2017 East and East Anglia Family Business of the Year Award.

Food inspectors (stock image).  Picture by Simon Finlay

Urgent improvements have been demanded of three food businesses in east Suffolk, according to hygiene inspection reports.

Thompson & Morgan seed catalogue 1995

Scientists have identified the cluster of genes responsible for reproductive traits in the Primula flower, first noted as important by Charles Darwin more than 150 years ago.

Management Jobs

Show Job Lists

Most read

Most commented

Topic pages

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24