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La Senza Rescued by Lion Capital

The future of lingerie retailer La Senza has been secured as private equity firm Lion Capital has acquired 100 per cent of the long-term debt of the store.

Lion Capital now has control over both the debt and equity of La Senza and provides a solid financial base for the retailer’s continued development over the next few years.

La Senza had a successful 2009 Christmas trading period with growth in like-for-like sales and margins compared with the same period in 2008. Lion Capital previously owned 40 per cent of the £100m debt it used to buy the store from Dragon’s Den participant and entrepreneur Theo Paphitis in 2004.

Lion Capital has stated that the company is now in a strong financial position and will go ahead with growth plans for the business in 2010 and beyond.

See also:
La Senza Seeks New Funding
Stirling Group in Administration
UK Exits Recession
Consumer Confidence on the Increase
Tories' VAT Increase to 20 Per Cent
Debenhams Cuts 170 Jobs in Ireland
Etailers Christmas Sales Success





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