German underwear manufacturer Triumph International is negotiating with KPMG to buy stores from the La Senza lingerie chain.
Triumph, which faces competition from Limited Brands, is keen to exploit La Senza’s troubles to create its own stores network in Britain. Major landlords, including Hammerson, Land Securities, British Land and Capital Shopping Centres, will scrutinise La Senza’s financial information after an expected order to put the business into administration this week through KPMG. KPMG has earmarked 81 of the 146 shops for closure.
04/01/12 Times 34, 37
