The retailer may be forced to withdraw its PINK brand from UK stores.
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3i is sounding out investment banks to run an auction process.
The brand expects bumper sales ahead of Fifty Shades film release.
The photographer shot the brand's Autumn/Winter range.
The collection features five lacy bras and three shaping briefs.
The group hopes the new format will increase sales efficiency.
The brand's GM was seen fitting netball players with sports bras.
The news comes after the retailer recorded a strong first half.
Nineteen year-old Francesca Aiello showcased Frankie's Bikinis.
Derby council leads call for 8.5% levy on large retailers.