LK Bennett bought but 15 stores to close
High-end fashion chain LK Bennett has been bought out of administration, saving 325 jobs. However, 15 of the retailer’s stores are not included in the deal and will close, leading to the loss of 110 jobs.
LK Bennett has been bought by Byland UK which was set up by Rebecca Feng, who runs the company’s Chinese franchises.
The sale includes the company’s headquarters, 21 stores and all of its concessions. The amount paid has not been disclosed.
Ms Feng said: “Under our plan, the business will continue to operate out of the UK, looking to maintain the long-standing and undoubted heritage of the brand.
“This will be achieved through a combination of working with quality British design, and the business’s existing supply chain.”