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Lingerie Losing its Luster? Panty Purveyor La Senza Stares Down Bankruptcy

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

La Senza could be facing the music after three suppliers filed an involuntary bankruptcy court petition to force the Canadian intimates retailer into a Chapter 7 liquidation proceeding. The largest of the three vendors is MGF Sourcing US, LLC, owned by private equity firm Sycamore Partners and joined by Ocean Lanka (Pvt) Ltd. and Teejay…

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