Dive Brief:

  • Multiple suppliers to the Canadian lingerie retailer La Senza filed papers on Friday asking that the company be put in Chapter 7 bankruptcy.
  • The suppliers had claims totaling more than $9.3 million, according to papers filed in a federal bankruptcy court in Delaware.
  • L Brands sold La Senza in 2018 to private equity firm Regent LP. According to one of La Senza’s suppliers, L brands agreed to guarantee millions of dollars worth of payments during a period ending May of this year. La Senza, L Brands and Regent did not immediately respond to requests for comment.

Dive Insight:

MGF Sourcing, one of the suppliers to file the involuntary bankruptcy…

This is only a snippet of a Mobile Marketing Article written by Ben Unglesbee

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