Good and bad news for LK Bennett lovers in Gloucestershire

Marco Green
April 14, 2019

However, 15 stores were not included in the sale, leading to the loss of about 110 jobs.

From the 21 stores that were bought, 325 employees will be transferred into other roles, however those in the closing stores face losing their jobs. Ms Feng, who is reported to have acquired the UK, Ireland and wholesale business, is also to buy parts of the European and American business.

'This will be achieved through a combination of working with quality British design, and the business's existing supply chain'.

Administrators EY sold the company's headquarters, 21 stores and all of its concessions to Byland UK Ltd for an undisclosed sum.

The former chief executive Darren Topp and the former finance director Andrew Ellis will work with Byland as part of the deal.

Gift cards, refunds and orders will be honoured as part of the arrangement. Both will stay on after the deal to assist the business.

LK Bennett, known for its upmarket day wear and shoes, hit the buffers last month as it was hit by the headwinds hurting United Kingdom retailers, including rising business rates and weak consumer confidence.

It does not include the company's worldwide subsidiaries, which will remain in administration.

These stores will be affected after a team were appointed Joint Administration of the company last month, following tough trading conditions for the retailer.

Later that year, she bought back the controlling stake previously held by Phoenix Equity Partners.

Other reports by Click Lancashire

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