19 October, 2019 - 23 October, 2019
High Point, North Carolina, U.S.
23 October, 2019 - 25 October, 2019
29 October, 2019 - 31 October, 2019
Buenos Aires, Argentina
31 October, 2019 - 02 November, 2019
01 November, 2019 - 03 November, 2019
The British premium fashion retail chain has been allegedly sold to a Chinese franchise partner.
LK Bennett has been acquired by Rebecca Feng, who runs the retail chain’s franchise in China. Ms Feng, who is reported to have acquired the UK, Ireland and wholesale business, is also to buy parts of the European and American business. Some 15 stores are expected to close, representing a loss of 110 jobs.
As reported by ILM, LK Bennett was preparing to appoint administrators as the company struggles to reverse an operating loss of nearly £6 million (US$7.95 million) on sales of £77.4 million (US$102.58 million) in the year to 29 July 2017, with pre-tax losses rising to £48 million (US$63.59 million) in the period.