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Poundland owner Gordon Brothers buys LK Bennett out of administration
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Business Matters
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.
Tobias Nanda, head of brands at Gordon Brothers, said LK Bennett remained a “beloved heritage brand” with strong international appeal.
Founded in the early 1990s by Linda Bennett with a single store in Wimbledon, LK Bennett became known for its signature shoes, handbags and occasionwear.
In 2019, LK Bennett entered administration for the first time and was acquired by Rebecca Feng, its Chinese franchise partner, leading to the closure of 15 stores.
Gordon Brothers’ takeover now leaves staff and customers waiting for clarity on whether LK Bennett’s physical presence on the UK high street will survive its latest rescue.