LK Bennett news and archive

UK high street administration wave: The 5 retailers facing early 2026 setback

The UK high street has faced an early setback in the new year, with five major retailers already entering administration. Each company cited their respective collapses to rising business costs and cautious consumer spending. It comes despite more positive projections for the year ahead by industry analysts. According to a report by Knight Frank,...

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Next reportedly mulling LK Bennett rescue bid

British retail giant Next is said to be among the parties eyeing a rescue bid for ailing fashion brand LK Bennett. According to sources for Sky News, Next is reportedly mulling a “cut-price offer” for LK Bennett and other intellectual property assets as the brand readies itself for administrator intervention. LK Bennett’s small estate of retail...

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LK Bennett seeks buyer as owner launches accelerated sale process

British fashion brand LK Bennett is urgently seeking a buyer, raising renewed concerns about its future just six years after its previous insolvency. According to Sky News, the company’s owner has appointed restructuring advisers Alvarez & Marsal (A&M) to run an accelerated sale process, with potential buyers and investors contacted in recent...

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LK Bennett's financial year ends in red

Luxury fashion brand LK Bennett has announced a pre-tax loss of 3.1 million pounds for the financial year ending January 27, 2024. This marks a significant downturn compared to the 2.3 million pounds pre-tax profit reported the previous year, according to filings with Companies House. The company’s revenue for the year under review also fell...

Retail

LK Bennett launches on M&S.com

British retailer Marks & Spencer has added premium womenswear brand LK Bennett to its roster on its ‘Brands at M&S’ online platform. LK Bennett launches at M&S with its spring/summer 2024 collection, including some of the brand’s bestselling items, from casual daywear to eventwear, such as jumpsuits, dresses, trousers and blazers, as well as...

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LK Bennett launches repair service with The Seam

London-based womenswear retailer LK Bennett has revealed a new partnership with The Seam, which will allow its customers to access the repair and transformation platform’s services for their own products. Through the new deal, customers will be able to utilise The Seam’s repair service, basic and complex alterations and bespoke “reimaginings”...

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LK Bennett introduces AI-powered e-commerce fitting service

British fashion brand LK Bennett has stepped into the artificial intelligence (AI) revolution via a new partnership with tech firm TrueFit, which will see the retailer introduce a new form of online fitting services. LK Bennett will put to use TrueFit’s Fashion Genome, allowing shoppers to access fit preferences and decode sizing in a bid to...

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LK Bennett sales boosted by eventwear, turnover up 30 percent

British label LK Bennett has reported a 30 percent increase in its turnover for the financial period February 2022 to January 2023, coming in at 49 million pounds. The label said its positive results were largely attributed to the rise in demand for eventwear, triggered by the return of weddings, the Royal Ascot and other occasions. According to...

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LK Bennett becomes official sponsor of Ascot Racecourse

Lk Bennett has struck up a deal with Ascot Racecourse that will make it the official sponsor over a three-year collaboration. It builds on the duo’s already established partnership, with LK Bennett having previously supplied the racecourse with two ready-to-wear and footwear collections in its position as official licensee for ladies fashion....

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Retail

LK Bennett opens store at Gunwharf Quays

British brand LK Bennett has opened a new store at the Gunwharf Quays Designer Outlet in Portsmouth. The store will carry the label’s newest AW22 styles, as well as popular pieces from its SS22 and AW21 collections. “We are delighted to be opening an LK Bennett outlet store in Gunwharf Quays; a destination-shopping area we know many of our...

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LK Bennett FY sales up 38 percent

LK Bennett reported a 38 percent increase in group sales to 37.7 million pounds in the year ended January 31 2022 as it recovered from the pandemic. The sales increase came despite all international markets being impacted by Covid-linked store closures in the period. Sales in its home market of the UK jumped 53 percent during the year despite 71...

Fashion

LK Bennett debuts wedding gowns and bridalwear

British retailer LK Bennett has launched a bridalwear category, featuring elegant wedding dresses and timeless bridal accessories. The four wedding gowns range from EUR 1080 for an off-white lace dress to a cream silk chevron-striped gown for EUR 1755. A satin crepe dress with front buttons and an antique cream sheer devoré dress both sell for...