LK Bennett’s new Chinese owner to close 21 stores

SAHAR NAZIR | April 12, 2019

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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.

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