Deathwatch: La Senza and Past Times on brink of administration
Both chains have filed a notice of intention to appoint KPMG as administrator, unless they can be rescued over the next few days. So one of you might get either or both companies in your Christmas stocking, if you’re unlucky enough.
La Senza was previously owned by Dragons’ Den star Theo Paphitis, although it is unknown whether he ever spent any of his kids’ inheritance money on revealing lacy goodies for Mrs. P. The brand name wont disappear though, as its parent company is a separate entity in the USA and will probably cherry-pick the profitable stores from the UK chain.
Meanwhile, Past Times has been selling highly-priced olde worlde tat for years and we’re amazed it’s lasted this long. It previously fell into administration in December 2005.
TOPICS: High Street News