"The struggling British fashion brand LK Bennett has been bought out of administration by US restructuring specialist Gordon Brothers, raising the prospect that its remaining nine UK shops could close with the loss of around 380 jobs. Gordon Brothers, which acquired Poundland for £1 last year, confirmed it has purchased LK Bennett's global brand and intellectual property assets for an undisclosed sum after the retailer collapsed for the second time in six years."
"The Boston-based firm said the womenswear label would move to an "asset-light" model, fuelling speculation that LK Bennett could become an online-only business. The future of its physical estate and workforce remains uncertain. Tobias Nanda, head of brands at Gordon Brothers, said LK Bennett remained a "beloved heritage brand" with strong international appeal. "We are excited to add LK Bennett to our portfolio and proud to steward the brand into its next phase of growth,"
Gordon Brothers acquired LK Bennett's global brand and intellectual property after the retailer collapsed for the second time in six years. The Boston-based firm indicated a move to an asset-light model, prompting speculation the label could become online-only and leaving the future of nine standalone UK shops and about 380 jobs uncertain. LK Bennett was founded in the early 1990s, grew to more than 200 stores at its peak, and has since contracted to nine shops and 13 concessions. The business endured private equity ownership, prior administration, a £3.5m loss in 2024 and nearly £22m of debt.
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