Overview
- Gordon Brothers acquired the global LK Bennett brand and related intellectual property from the joint administrators for an undisclosed sum.
- The buyer says it will pursue an asset-light strategy, evaluating licensing, franchising, wholesale and third‑party retail partnerships.
- The fate of nine standalone shops and 13 concessions remains unresolved, with reports indicating hundreds of jobs are at risk.
- LK Bennett’s sale follows years of decline, including a loss of roughly £3.2–£3.5 million in the year to January 2024 and nearly £22 million of debt flagged by auditors.
- Next, Marks & Spencer and TFG London were reported to have explored bids, while Gordon Brothers’ track record includes turnarounds like Laura Ashley and last year’s £1 purchase of Poundland.