LK Bennett Files for Administration, Faces Possible Collapse
Update: 2025-12-31
Description
LK Bennett, a fashion brand favored by the Princess of Wales, faces potential collapse after filing for administration at the High Court. The retailer, which employs nearly 300 staff and is owned by Chinese group Byland UK, has been struggling with a sharp downturn in trading. Recent accounts show post-tax losses of £3.5 million and sales down nearly £50 million from the year before. The brands future hangs in the balance as they grapple with funding woes and rising business rates, echoing their last crisis in 2019 when stores closed and jobs were lost. Checkout Solipillow.com
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