LK Bennett lines up administrators as it struggles to find backer

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Fashion chain has 41 outlets in the UK – employing 480 people – and 52 overseas

LK Bennett is preparing to appoint administrators after its owner struggled to find a new financial backer for the loss-making fashion chain, potentially putting almost 500 UK jobs at risk.

Famous for its signature kitten heels, which start at £175 per pair, the company was founded by the entrepreneur Linda Bennett in 1990. Bennett regained full control of the business last year from private equity investors but it was reported last month that she had drafted in advisers to look at restructuring options, which included a potential sale.

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Source: china
Link : LK Bennett lines up administrators as it struggles to find backer

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