LK Bennett goes into administration

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LK Bennett goes into administration
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The womenswear retailer has a number of Irish stores and concessions

The company has a number of Irish stores and concession outlets in department stores.

But the group will now be put into the hands of administrators, throwing the future of 41 stores and at least 480 employees into doubt, although EY is expected to issue a more detailed update later today. The firm is owned by founder Linda Bennett, who had stepped back from the brand in 2008, but returned in 2017 as a consultant.According to the most recent available accounts for the company, Ms Bennett invested £11.2 million into the group upon her return to ownership.The failure is the latest in a string of mid-market women's fashion labels to buckle under the pressure of dwindling high street sales.

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