Wed, 14 Dec 2011 | ADMINISTRATION
Lingerie retailer La Senza, owned by private equity firm Lion Capital, has appointed KPMG to assess its restructuring options.
A move into administration, a CVA that would involve closing some stores, or securing new funding are some of the options to be considered. A break-up is another option.
Lion Capital bought La Senza from entrepreneur Theo Paphitis for £100 million in 2006. Mr Paphitis, who appears in Dragons’ Den on TV, established a new lingerie firm this year called Boux Avenue.
Over 2,600 people are employed at the 158 La Senza stores across the UK, which sell women’s lingerie and nightwear. It has won several awards for its products over the past decade including ’Sexiest Lingerie’ at the Cosmopolitan High Street Fashion Awards 2011.
La Senza reported a turnover of £140 million for its last financial year.
Speaking to the Financial Times back in 2008 Mr Paphitis said of his purchase of La Senza: “I paid £1 and two packs of Benson & Hedges for it 10 years ago, which gave me 60 per cent of the company.
“It was losing £10m a year at the time. I sold it two years ago for more than £100m. We made a profit in year one.”
This thriving company, specialising in yoga equipment and wellness products, offers a unique opportunity with its extensive stock, experienced team, and potential for growth through innovative marketing strategies.
This well-established business, a market leader in tube manipulation and welding services, presents a unique opportunity with a loyal client base across the UK and international markets.
A well-established glazing and glass business located on a business park in Derbyshire offers solid partnerships with local businesses and the council.
03
|
Apr
|
Whitworths Food Group buys oils group KTC Edibles | BUSINESS SALE
Northamptonshire-based Whitworths Food Group is buying KTC E...
02
|
Apr
|
NVM exits travel tech firm Intuitive with Banyan Software deal | BUSINESS SALE
Banyan Software has bought a technology provider of end-to-e...
02
|
Apr
|
CheckFire Group buys long-standing partner PJ Fire | BUSINESS SALE
CheckFire Group, the South Wales-based fire safety equipment...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.