// LK Bennett mulls sale of London head office
// 10 head office roles have been placed into “high risk” consultation
// The roles include the senior managers in teams across finance, IT, HR, and design
LK Bennett has reportedly said it is mulling the sale of its London head office in an effort to survive through the coronavirus pandemic.
The womenswear retailer will remove 10 senior managers from the head office team structure as part of its campaign to cut costs, Drapers reported.
The 10 roles include the senior managers in teams across finance, IT, HR, and design, each with salaries of between £60,000 and £100,000.
LK Bennett said that the affected colleagues would be given a notice within the next couple of weeks and they will be paid their full notice period.
The retailer is considering selling its London head office and is looking at options to eradicate having a head office altogether in a bid to further cut costs.
Last year, LK Bennett appointed EY as administrator of its UK business, and this was extended for 12 months after LK Bennett’s secured creditors had approved the extension request on January 24.
Rebecca Feng, the UK boss of LK Bennett’s Chinese franchise partner, had agreed to buy the UK arm of the womenswear retailer out of administration for £9.8 million.