Overview
- LK Bennett said on Friday that its website will close within days and it has cut prices by at least 80% across the site with some lines 90% off.
- Physical stores will trade for a limited time under the administrators with in‑store discounts starting at 70%.
- The retailer went into administration in January, and Gordon Brothers bought the brand and other intellectual property but not the store estate.
- Nine stand‑alone shops and 13 concessions remain under administration, leaving about 22 locations and roughly 89 jobs at risk.
- Administrators are running clearance sales to turn stock into cash, and the label’s next phase is expected to focus on licensing and e‑commerce rather than company‑run stores.