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La Senza creditors left out of pocket

Creditors of the beleaguered high street lingerie chain La Senza have missed out on around £2m after 15 lorry loads of underwear were awarded to La Senza’s freight company rather than to administrator KPMG.

According to reports, La Senza administrator KPMG lost a court battle about who had the rights to sell on a lingerie cargo which was already being shipped from Asia when the lingerie chain fell into earlier this year.

Part of the shipment is still en route to the UK but the majority of it is now at Essex’s Tilbury Docks and La Senza’s freight forwarding company Uniserve has won the rights to keep it.

La Senza was sold to the UK division of Middle Eastern trading house Alshaya on January 9 following a pre-pack administration.

Alshaya UK Ltd, part of the Kuwait-based group which operates franchises for several fashion retailers including H&M, Next and Oasis, acquired 60 of La Senza’s UK stores from administrator KPMG.

Alshaya will run the stores under licence from Limited Brands which owns the La Senza brand worldwide.

According to reports, some of La Senza’s suppliers are owed nearly £800,000 following the administration.

Readers' comments (1)

  • what will uniserve do with these products by the time they have removed all la senza branding and paid for all reprocessing will the price they are offered from clearance companies make it worth their while??

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