THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
LK Bennett files for administration

Premium fashion retailer LK Bennett has filed for administration after appointing advisers to look at options for the business. With the retailer’s 39 stores now facing… View Article

FASHION

LK Bennett files for administration

Premium fashion retailer LK Bennett has filed for administration after appointing advisers to look at options for the business.

With the retailer’s 39 stores now facing an uncertain future, the move has put around 500 jobs at risk.

LK Bennett has appointed EY to handle the administration process and 55 people have been made redundant from its head office. In addition, stores have closed at Sheffield’s Meadowhall shopping centre, Bristol, Liverpool and in London’s Brent Cross and Westbourne Grove.

LK Bennett also operates 37 concessions around the UK.

Founded by Linda Bennett in 1990, the company’s clothes have been favoured by the Duchess of Cambridge. Bennett sold her majority stake in the company in 2008 to Phoenix Equity Partners but bought back control in 2017.

EY is now looking for a buyer for the business.

Dan Hurd, joint administrator from EY, said: “Amidst tough trading conditions for retailers, the company has been further impacted by significant rent increases and business rate rises. Linda and the management team therefore made the difficult decision to place the company into administration, to protect the future of the business.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News