// 21 LK Bennett stores are due to close down after being bought out of administration by its Chinese franchise partmer
// The store closures will result in around 110 job losses
// Byland UK secured control of LK Bennett overnight after it fell into administration last month
A total of 21 LK Bennett stores in the UK are due to close down after the retailer was bought out of administration overnight.
The store closures will result in around 110 job losses.
LK Bennett’s Chinese franchise partner Byland UK’s boss Rebecca Feng agreed to buy the retailer overnight after it fell into administration last month.
LK Bennett had 39 stores and almost 500 employees in the UK prior to administration, and while the store closures were expected as part of Feng’s takeover, the exact number of how many would shut was not revealed until now.
LK Bennett’s former chief executive Darren Topp, and finance director Andrew Ellis worked with Feng on the deal, and both are due to stay on afterwards to support the business.
“Under our plan, the business will continue to operate out of the UK, looking to maintain the long-standing and undoubted heritage of the brand,” Feng said.
“This will be achieved through a combination of working with quality British design, and the business’s existing supply chain.”