More than 750 retail jobs are at risk after the UK stores of lingerie chain La Senza went into administration for the second time in just over two years.
A corporate rescue team from PwC said it will listen to offers for the 55-store chain, which was rescued by the UK arm of an Arabian retail group in 2012.
Marnixheath, which operates the La Senza stores in the UK as well as three Pinkberry frozen yoghurt outlets, employs 752 people across the UK.
In total the company employs 67 staff north of the border including eight at the firm’s outlet in Dundee’s Overgate:
“The challenging conditions in the UK high street are well documented. Like many other retailers, La Senza has been hit hard by the difficult economic environment and a slowdown in consumer spending,” PwC joint administrator Robert Moran said.
“The administrators are continuing to trade the businesses as normal for the time being whilst discussions take place with interested parties in respect of a sale.
“We welcome any approaches to purchase all or part of the store portfolio.
“There are no immediate plans to close any stores and the administrators shall continue to assess the trading strategy over the coming days and weeks.
“Staff have been and will continue to be paid for their work. The company and the administrators are making every effort to help staff at this difficult time.”
The administrators said La Senza’s North American operations and others worldwide were unaffected by the UK collapse.
When La Senza fell into administration in 2012 there were 1,300 redundancies and the closure of more than 100 outlets.
However, 1,100 jobs were saved when 60 of its stores were sold by KPMG to the UK arm of Kuwait-based Alshaya. The UK business changed its name to Marnixheath in January.