The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

L.K. Bennett Finds Buyer for Most of UK Stores

The womenswear retailer said on Friday they had completed the sale of most of its UK stores and assets for an undisclosed sum.

L.K. Bennett store in London | Source: Shutterstock

Reuters

12 April 2019

LONDON, United Kingdom — The administrators of L.K. Bennett, a British womenswear retailer favoured by British royal Kate, said on Friday they had completed the sale of most of its UK stores and assets to Byland UK for an undisclosed sum.

"The sale includes the company's headquarters, 21 stores, all of its concessions, and 325 employees, who will transfer across to the purchaser," EY said in a statement.

"Unfortunately, the 15 stores that were not included in the sale will be closed, resulting in the redundancy of around 110 employees... The company's international subsidiaries are also not included in the sale and will remain in administration."

By Alistair Smout; editor: William Schomberg.

In This Article

Topics

Retail

Organisations

L.K. Bennett

Location

London, United Kingdom

Brands Owed Millions After Matchesfashion Collapse

Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.

US Sues to Block $8.5 Billion Union of Coach, Michael Kors

Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.

Op-Ed | How Long Can Adidas Surf the ‘Terrace’ Trend?

As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.

How Rent the Runway Came Back From the Brink

The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.