Home Business NewsAlshaya in advanced talks to snap up La Senza

Alshaya in advanced talks to snap up La Senza

by LLB Editor
9th Jan 12 11:52 am

The new year has brought with it a number of messiahs, swooping in to the aid of ailing companies. While JD Sports is on the brink of snapping up Blacks Leisure, Dragonsโ€™ Den star and former owner of La Senza, Theo Paphitis used his twitter feed to disclose that Arabian retail group Alshaya is in โ€œadvanced discussionsโ€ with the lingerie chain to acquire 60 of the brandโ€™s high street stores.

Owned by private equity firm Lion Capital, La Senza called in the administrators last month after facing austere trading conditions and blamed the โ€œthe overall macro environmentโ€ for its decision.

Press Association reported that a spokeswoman for Lion Capital said: โ€œWe can confirm that Alshaya, a leading international retail franchise operator, is in advanced discussions with La Senza regarding a potential acquisition of part of the UK La Senza business.โ€

Alshaya owns stakes in a number of British retailers including Next, Debenhams and Mothercare.

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