The model is commonly worn by Princess Kate.
Throughout the UK, empty shops are usually not an unusual sight. (Picture: Getty Pictures)
A preferred excessive avenue model, recognized for dressing the royals, has gone into administration. As many as 89 workers may face redundancy because the model’s retailers are anticipated to proceed buying and selling for not more than three months.
LK Bennett is a well known excessive avenue trend model, but it surely may disappear from purchasing centres after being bought. Experiences recommend redundancies are coming quickly as LK Bennett was purchased out. The event follows LK Bennett’s acquisition by funding agency Gordon Brothers on Thursday (January 28) by means of an settlement that preserved the model and its mental property, while excluding its bodily shops. LK Bennett at present employs 145 employees throughout the UK and Eire.
LK Bennett is thought for its elegant clothes designs. (Picture: Getty Pictures)
A complete of 89 employees members are employed all through the enterprise’s retail community, encompassing 9 standalone retailers and 13 concessions, that are anticipated to function for “as much as three months”.
The way forward for the corporate’s 56 head workplace workers following the takeover stays unsure.
Alvarez & Marsal joint administrator and senior director John Midday says: “Our intention is to proceed to commerce the remaining portfolio of shops and through the concession companions for a interval of as much as three months.”
“We’re happy to have concluded this transaction, which is able to protect the LK Bennett model and its heritage of workmanship and high quality for which it has been traditionally famend.”
On the LK Bennett web site, a discover mentioned: “John Midday and Mark Firmin of Alvarez & Marsal Europe LLP have been appointed Joint Directors of LK Bennett Vogue Restricted (registration quantity: 11903831) on 27 January 2026 pursuant to paragraph 22 of Schedule B1 to the Insolvency Act 1986. Instantly following their appointment, the LK Bennett model and associated mental property have been bought to LKB IP Holdings, LLC (a Gordon Brothers-affiliated entity).
“The LK Bennett shops weren’t included within the transaction and proceed to commerce below the Administration. On-line gross sales through the LK Bennett web site proceed for the foreseeable future. The Firm’s affairs, enterprise and property are being managed by the Joint Directors, who act as brokers of the Firm and with out private legal responsibility. The Joint Directors, the Joint Directors’ agency and any of the Joint Directors’ companions, workers, brokers or advisers won’t bear any legal responsibility, whether or not private or in any other case, below or in reference to the phrases and situations nor some other coverage.”
Shops below risk
Bluewater purchasing centre
Canary Wharf
Chester
Duke of York Sq., Chelsea
Harrogate
Knightsbridge
New Bond Road
Richmond
Westfield White Metropolis
Concessions below risk:
Arnotts, Dublin
Bentalls purchasing centre, Kingston
Brown Thomas, Dublin
De Gruchy, Jersey
Hoopers, Tunbridge Wells
Hoopers, Wimslow
Jarrolds, Norwich
John Lewis, Edinburgh
John Lewis, Excessive Wycombe
John Lewis, Oxford Road, London
John Lewis, Manchester
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John Lewis, Oxford
John Lewis, Cheadle
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