KPMG to protect La Senza lingerie chain from administration

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

 

Read More:

http://www.dailymail.co.uk/news/article-2073938/Lingerie-retailers-La-Senza-festive-High-Street-casualty.html

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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