Lingerie chain, La Senza, has become the latest UK retailer to face financial restructuring.
Global accounting firm, KPMG has been appointed to advise the company on a range of restructuring options, which could include administration or a company voluntary agreement (CVA) to shed some of its 158 stores in the United Kingdom.
News of the appointment of KPMG was first reported by Sky News and comes as a wave of high street retailers battle against possible insolvency as poor retail sales threaten their ability to pay basics such as rent bills
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http://www.ft.com/intl/cms/s/0/88e9d7d4-25d8-11e1-856e-00144feabdc0.html#axzz1gVqbtx6v
http://www.thesun.co.uk/sol/homepage/news/money/3996848/Lingerie-chain-La-Senza-may-go-bust.html
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