Thursday, 7 March 2019

High-end fashion chain LK Bennett calls in administrators threatening 500 jobs



High-end fashion chain LK Bennett has called in administrators.

 
The business, which has 39 shops and about 500 staff in the UK, signalled it was in difficulties last week after lining up EY as administrator if it could not find fresh financing.


The company was founded by Linda Bennett in 1990, and counts the Duchess of Cambridge as a customer.


EY said 55 jobs had already gone at the firm's headquarters and following the closure of five stores.


The stores which have shut are Sheffield in the Meadowhall shopping centre, Bristol, Liverpool and two in London at Brent Cross and Westbourne Grove.
The brand also trades out of 37 concessions in stores around the country.



Women look at clothing in LK Bennett, Moscow





Source: BBC

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