La Senza’s website goes on hold as administrators look to sell its stores

This is an archived article - we have removed images and other assets but have left the text unchanged for your reference

La Senza’s ecommerce website has been put on hold while administrators look for a buyer for its stores. Its owner, Marnixheath, was put into administration on Wednesday. The news comes just over two years since La Senza UK, then under different ownership, was previously in administration.

PwC administrator Robert Moran said its 55 UK stores, along with three Pinkberry sister stores, would remain open as administrators trade the business as normal ahead of a potential sale. However, 752 jobs are at risk.

Although the stores remain open, the company’s ecommerce site is closed for the moment, displaying only a message informing customers of the administrators’ details, while also emphasising that La Senza’s 150 stores in Canada are not affected, nor its 330 franchise stores in more than 30 other countries.

“The challenging conditions in the UK high street are well documented,” said Moran. “Like many other retailers, La Senza has been hit hard by the difficult economic environment and a slowdown in consumer spending.”

Read More

August,5,,2020,,Brazil.,In,This,Photo,Illustration,The,Sephora
Industry
15 Sep 2023

You may also like

Register for Newsletter

Created with Sketch.

Receive 3 newsletters per week

Created with Sketch.

Gain access to all Top500 research

Created with Sketch.

Personalise your experience on IR.net