La Senza news and archive

High street administrations led to 735 store closures in 2014

Although retail administrations led to the closure of 735 stores and close to 5,000 job losses in 2014, the UK high street is said to be showing signs of recovery and is "re-emerging" after four years of struggles according to a new report. Last year saw 13 major high street retailers entering into administration, including La Senza, Jane...

Fashion

La Senza to stop trading within the UK

One of Britain's former leading lingerie brands is preparing to shut down its doors for good, as the struggling La Senza prepares to cease all trading within the UK, resulting in the loss of 752 jobs. All remaining La Senza stores are set to close over the next few weeks, as administrators Pricewatercooperhouse(PwC) wind down the British arm of...

Design

La Senza set to shut down 12 additional stores

Struggling lingerie retailer La Senza is preparing to shut down twelveadditional stores over the next few weeks, after previously closing down six stores during its second fall into administration. 130 employees are thought to be affected as the retailer aims to close stores in Cambridge, Brighton, Leeds Trinity, Northampton, Canterbury, Derby,...

Design

La Senza closes down first stores following its second fall into administration

Lingerie retailer La Senza has closed down six stores just two weeks after its UKstores had entered administration for the second time in two years. Despite Robert Moran of PricewaterhouseCooper, who has been appointed as joint administrator of Marnixheath Limited previously stating that there were “no immediate plans to close any stores,” shops...

Fashion

La Senza falls back into administration

Lingerie retailer La Senza has entered into administration for the second time in two years, placing more than 750 jobs at risk, after facing “very difficult trading conditions”. Alshaya, the Middle-Eastern retail investor, which acquired struggling La Senza through a pre-pack administration deal in 2012, have called in Pricewaterhouse Coopers...

Fashion

UK casualties of fashion

It has been a tough year for British high street fashion. The consumer downturn has seen customers think twice about spending their pounds on clothing and accessories and the result has been a string of businesses going into administration, being sold or shutting down altogether. This week Rare London, the young women's fashion chain, is thought...

Fashion

Alshaya rescues lingerie chain La Senza

Middle Eastern retail group, Alshaya has this week announced that it has reached an agreement to take control of the ongoing La Senza business in the UK, saving 60 of La Senza’s 146 UK stores. Under the agreement with KPMG, the administrators to La Senza UK, Alshaya UK Limited, which is part of the Alshaya group of companies, has acquired the...

Fashion

Retail movement over the coming year

Amongst the many stories over the past year of retail insolvencies and job losses, there have also been promising signs as Olympic fever sees Middle Eastern tourists flocking to the UK and boosting luxury good sales. As we hit 2012, FashionUnited looks back at some of last year’s most prominent retail activity and what we can expect in the new...

Fashion

La Senza to close 80 shops

Thousands of shop workers are starting the new year with the prospect of losing their job. The high street is awash with a wave of failures, with Barratt's and D2 in administration and La Senza closing 80 shops. Analysts predict up to 40,000 could lose jobs as lingerie chain joins list of those struggling to contain their debts. KPMG, which is...

Design

La Senza may find backer in former owner

TV Dragon Theo Paphitis is considering to financially back La Senza. Theo Paphitis has contacted his former firm, La Senza, to ‘offer assistance’ following the appointment of KPMG last week to advise on a possible restructuring. Paphitis, who launched his own lingerie chain Boux Avenue earlier this year, did not divulge on what form the...

Design

La Senza in financial straits

Lingerie retailer, La Senza, is calling in advisors to deal with the infrastructure of the business after the high street downturn has resulted in financial struggles across its 158 stores. Lion Capital, which owns La Senza and the All Saints fashion brand, has been reported to have appointed a team from KPMG to consider a number of options...

Design

La Senza opens new stores

High street lingerie brand, La Senza is opening four new stores this month to add to its existing 160 nationwide. The new stores will be in Brighton, Trafford, Huddersfield and Wakefield. The Brighton and Trafford stores will benefit from enhanced design features as seen in Westfield, Stratford, adding to the planned concept roll out by the...