Lingerie brand Agent Provocateur could be facing a pre-pack administration that would allow it to be bought without being saddled with some of its liabilities, and a deal could be imminent, according to reports.
Former La Senza owner Lion is understood to be among a group of potential buyers for underperforming lingerie chain Agent Provocateur. Other interested buyers include also specialist turnaround investor Endless and Etam.
The Ohio-based retailer will likely declare bankruptcy and possibly a liquidation as early as this week or next. Analysts cite the chain's dependency on shopping mall traffic as the reason for its downfall.