La Senza May be Heading to Bankruptcy

Suppliers for lingerie giant La Senza are seeking to send the giant into bankruptcy due to unpaid bills.

Manufacturer MGF Sourcing is owed $42 million, and several other manufacturers are owed money as well.

The store operates 340 locations.

La Senza Corporation is a Canadian fashion retailer that sells women's lingerie and intimate apparel.

The La Senza brand is currently owned by Regent which operates and owns La Senza stores in Canada and the United States and uses a franchise model for the operation of stores outside Canada and the United States.