United Kingdom womenswear chain LK Bennett falls into administration — International Business

LK Bennett fashion chain collapses into administration

The company's Irish operation will not be affected as of yet however, as that comes under its global arm which is not part of the administration process.

The company, which is famed for its kitten heel shoes and counts the Duchess of Cambridge among its customers, has appointed the accountancy firm EY to manage the administration of its 41 shops, and 55 people were immediately made redundant.

Whether this includes staff at concession stores such as the one in Norwich's Jarrolds and John Lewis, has not been confirmed.

EY added: 'A sale process for the business has commenced.

The failure is the latest in a string of mid-market women's fashion labels to buckle under the pressure of dwindling high street sales.

British retailer LK Bennett has been placed into administration.

New Samsung phones hit stores
From 9:30 am to 5:00 pm ET today, March 8th, anyone can experience a free-flying wind tunnel in Herald Square in New York City. The Galaxy "Fold" phone that was also introduced last month is not expected to be available until April 26th.

Stores will continue to trade in the meantime, but the company's website has been temporarily suspended.

Last month it was reported that Bennett was casting around for new backers, but last Friday it emerged that the company had filed notice of intention to appoint an administrator.

LK Bennett, which has two Scottish stores in Edinburgh and Glasgow, has gone into administration, with nearly 500 jobs at risk UK-wide.

The fashion retailer, known for its smart daywear, attracted celebrity fans over its near 30-year history, including the Duches. With the rise of competition from online retailer offering cheap easy alternatives it's hard for high street brand to survive.

The company is owned by founder Linda Bennett, who stepped back from the brand in 2008, but returned in 2017 as a consultant. "Anyone who works in the industry who may be anxious about the future of their jobs should hope for the best but prepare for the worst".

Related News:



Most liked

Listen to Black Keys' First New Song in Five Years, 'Lo/Hi'
Since Turn Blue , Auerbach has launched his Easy Eye Sound record label and released his second solo album, Waiting On a Song . Auerbach and Carney surprised fans with the song on March 7th, signifying that their half a decade hiatus is now over.

Giants send linebacker Olivier Vernon to Browns
However, the Browns not too long ago reportedly tried to pry Giants star wide receiver Odell Beckham Jr . out of NY . There is depth at that position in this year's class, and Cleveland could land one with the No. 17 overall pick.

US Food and Drug Administration chief to leave service
It's not yet clear whether that effort has reduced drug abuse or overdose rates. He recently hired Doug Andres, who last worked for former Speaker Paul D.

Venezuelan vice president says power outage was caused by cyber attack
High-ranking officials have been accused in USA court proceedings of looting government money earmarked for the electrical system. The Venezuelan capital Caracas was in near-darkness on March 8, 2019 during the worst power outage in the country's history.

Michael Cohen gives Congress versions of 2017 testimony on Moscow project
Cohen testified that the president "knew of and directed the Trump Moscow negotiations throughout the campaign and lied about it". And the Washington Post's fact checkers have counted almost 9,000 false or misleading Trump statements just since he took office.

Liverpool title win will not heal Gerrard's 'wound'
That's how it is. "Mo has an unbelievable scoring record and that is a part of why we are in the position we're in now". He missed a couple of chances against Everton he would probably have taken last season but Klopp is unconcerned.

Whoopi Goldberg says she nearly died from pneumonia
Sepsis is a risky response to an infection by the body's immune system, which can damage organs and sharply lower blood pressure. Before Goldberg resurfaced, some fans were actually convinced she was preparing to host the Academy Awards in secret.

Google Bolo Reading-Tutor App Launched in India, Now Available for Android
Google has banded together with Storyweaver .org.in for substance, which incorporates 50 stories in Hindi and 40 in English . " Bolo is designed as a reading-tutor app that helps primary grade students to improve their reading - anytime, anywhere ".

New stadium to be used competitively in first week of April
Brighton have been drawn away to Millwall in the sixth round of the FA Cup , with the match on 17 March. Tottenham's preference for their opening match at the new stadium was always to avoid a midweek date.

Pakistan registers FIR against Indian pilots for destroying trees in Balakot
Meanwhile, the federal government is also mulling to register a complaint against India of eco-terrorism at the United Nations. This month, Prime Minister Khan had tried to contact Narendra Modi over the telephone three times amid the tension but failed.

Trump budget to include $100M for Ivanka’s women’s fund
Others who served in that role were Anthony Scaramucci, who lasted just 11 days, Sean Spicer and Mike Dubke. He continued to receive millions in severance and bonus payments from Fox News after leaving the network.

Advocates cheer FDA approval of anti-depressant nasal spray
At least 150 clinics around the US provide treatment with various forms of the drug, which is available as a low-priced generic. Many doctors who have become comfortable offering ketamine for depression probably won't switch to esketamine, said Dr.

Huawei sues U.S. Government over unconstitutional ban of Huawei equipment
It also says the National Defense Authorization Act violates a bill of attainder clause by "singling out Huawei for punishment". This week the company gave news organisations a tour of its production lines and R&D facilities in southern Guangdong province.

US women's team sues US Soccer over 'institutionalized gender discrimination'
According to the lawsuit , filed three years after several players made a similar complaint with the U.S. Equal Employment Opportunity Commission, U.S. soccer has "utterly failed to promote gender equality".

Andy Murray Says He's Pain Free, Won't Rule Out Wimbledon
But there is a vast difference between singles and doubles, in terms of the physicality and the loads you put through the body. Because I know that it's not the case, and that nobody in their right mind could promise me that".