Birmingham's LK Bennett store to close

LBD By L.K.B- Little Bennett Dress By

LBD By L.K.B- Little Bennett Dress By

Some 15 stores are expected to close, representing a loss of 110 jobs.

Rebecca Feng, who is LK Bennett's partner in China has agreed the deal that will also see her buy parts of the company's European and American business.

From the 21 stores that were bought, 325 employees will be transferred into other roles, however those in the closing stores face losing their jobs.

Administrators EY sold the company's headquarters, 21 stores and all of its concessions to Byland UK Ltd for an undisclosed sum.

Ms Feng said: "Under our plan, the business will continue to operate out of the United Kingdom, looking to maintain the long-standing and undoubted heritage of the brand".

'This will be achieved through a combination of working with quality British design, and the business's existing supply chain'.

The upmarket retailer, founded by Linda Bennett, who opened her first shop in 1990, closed five stores last month after calling in administrators from EY.

Ms Feng has worked on the deal with Darren Topp and Andrew Ellis, LK Bennett's former chief executive and finance director. Founded in 1990, LK Bennett now employs around 500 staff in the United Kingdom across its stores, concessions and London office, and trades from around 200 branded stores.

Dan Hurd, joint administrator at EY said: 'With an established, luxury United Kingdom brand, the company received offers from a number of parties. All gift cards, refunds and orders will be honoured as part of the transaction.

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