La Senza Limited (02924472): administration
- Status
- Administration ended
- Administration began
- 2012-01-09
- Administrators' firm
- KPMG
- Incorporated
- 1994-04-29
- Location
- Reading
- Industry
- 5242
Why it went into administration
- Sustained trading losses
- Property / lease costs
From the administrators' statement
The Group opetated 144 stores and 18 concessions in the UK and Republic of Ireland and had 13 European franchise agreements ‘The stores piimarily sold ladies’ nightwear, intimate apparel and unde: wear and all operated undet the La Senza brand name. The Gtoup does not own the La Senza brand, but held the sights to use the La Senza brand in the UK and Republic of Ireland with a tight to giant sub-lcences in Euope The La Senza brand 1s ultimately owned by the Brand Owne1.
The Gioup operated fiom one head office location in Hayes and three warehouses. It had cuca 2,300 employees
The Group had a tunover of approximately £141 million and made a loss of £10.9 million in the year ended 27 Maich 2010 The Gioup has been suffering fiom financial difficulties as a result of declining sales driven by the depiessed economic climate, and oneious leases which the Group weie not able to exit.
Administrators' statement of proposals (2012-03-05) · Companies House register