LK Bennett mulls possible sale as it calls in advisers

ELIAS JAHSHAN | February 18, 2019

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LK Bennett has reportedly drafted in advisers to consider options that could involve a sale, almost 18 months after its founder regained full control of the retailer. According to Sky News, Linda Bennett has appointed AlixPartners to undergo a strategic review of the fashion retailer she founded in 1990, with the possibility of a sale later this year. The news comes after LK Bennett recorded an operating loss of £5.9 million for the financial year ending July 29. Should the strategic review lead to a sale of the retailer, it wouldn’t be the first time Bennett herself has brought in third-party investors. In 2008, she sold a controlling stake to a consortium led by Phoenix Equity Partners in a deal that was valued at around £100 million at the time.

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