Lingerie retailer La Senza is thought to be the latest victim of tough trading conditions on the UK high street after reportedly calling in accountancy firm KPMG to advise on a range of restructuring options.

The company, which was acquired by private equity firm Lion Capital in 2006, is said to be considering selling some of its assets or even going into administration, news reports say. However, a spokesperson for Lion Capital declined to comment when contacted by just-style today (14 December).

According to Lion Capital, La Senza operates a network of over 200 retail outlets in the UK and Ireland, with franchises in 14 countries across Europe. It employs over 2,600 people and in its most recent fiscal year generated sales of GBP140m.

The private equity firm also has stakes in international fashion brand AllSaints and American Apparel.

The news comes after the owner of the Barratts and Priceless Shoes footwear shops collapsed into administration last week following a downturn in trading, putting nearly 4,000 jobs at risk.

UK clothing and footwear retailer Blacks Leisure is also seeking a buyer for the firm or one of its brands. The company owns the Millets and Blacks Outdoor stores as well as the Peter Storm and Eurohike brands.

And rumours are also circulating that the Peacocks discount fashion chain may close some 200 stores as it looks to restructure around GBP240m (US375m) in debts.