Fashion and footwear retailer LK Bennett’s owners are considering a sale of the business, which would value the business at more than £100m.

Subscribe to Retail Week

Want to read more on fashion?

Subscribe for less than £1 a day and get immediate online access.

 

LK Bennett’s private equity owners Phoenix Equity Partners and Sirius have begun discussions with City advisers.

The move comes as sales at LK Bennett have boomed as a result of the Duchess of Cambridge Kate Middleton wearing its nude-coloured shoes.

The 51-store retailer reported sales rose 15% to £94.1m last year while underlying annual profits also rose 15% to £62.7m driven by international and online sales.

Phoenix and Sirius acquired a 70% holding in LK Bennett in 2008 in a deal understood to be worth about £100m.

LK Bennett has a presence in the US, where it has 13 stores, and the Middle East. It is also considering entering the Chinese market.

Topics