All LK Bennett articles
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Analysis
Analysis: Could recycling go mainstream in high street fashion?
Clothing retailers are grappling with the realities of operating more sustainably – could recycling reduce fashion’s huge environmental footprint and what needs to happen for that to be possible?
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Retail Navigator Analysis
LK Bennett (Overview)
The upmarket LK Bennett women’s fashion brand has faced multiple challenges over the past few years, including a spell in administration for the core UK business in early 2019 and a Company Voluntary Arrangement (CVA) towards the end of 2020. Reshaped as a significantly smaller business, it is now recovering strongly.
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Retail Navigator Analysis
LK Bennett (Financials)
Reshaped as a significantly smaller business following its recently completed CVA, LK Bennett continued its recovery in the year to 28 January 2023 (FY2022). Total sales rose 26.9% to £48.4m as 33.1% growth across the core retail operation was offset by an 8.5% dip in revenues from the smaller wholesale division. Having returned to the black the year before, LK Bennett strengthened the bottom line significantly this time round. Pre-tax profit increased nearly tenfold from £0.3m to £2.3m, raising the margin from 0.7% to 4.7%.
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Retail Navigator Analysis
LK Bennett (SWOT)
The recent closure of small and/or unprofitable stores means the UK store network is now in a better shape for fuller multichannel development in a post-pandemic environment and its financial performance has continued to improve over the past two years.
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Retail Navigator Analysis
LK Bennett (Strategy)
LK Bennett’s Chinese franchise owner Rebecca Feng acquired the business out of administration in April 2019 and turned to a CVA - successfully completed a year ahead of schedule at the end of 2022 - to reshape the store network for post-pandemic trading.
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Retail Navigator Analysis
LK Bennett (People)
Chinese franchise owner Rebecca Feng acquired the business from founder Linda Bennett in April 2019. Darren Topp was reappointed as CEO shortly after the acquisition.
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Retail Navigator Analysis
Ecommerce at LK Bennett
LK Bennett has implemented a cross-border ecommerce platform from eShopWorld (ESW), enabling it to serve all of its international markets from its UK site.
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Retail Navigator Analysis
Supply chain at LK Bennett
LK Bennett’s development over the years has necessitated a scalable infrastructure. This has resulted in a longstanding relationship with Core Management Logistics (CML), which provides ecommerce and wholesale distribution solutions for the retailer.
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Retail Navigator Analysis
Customer and marketing at LK Bennett
LK Bennett’s new owners are aiming to restore brand credibility through the launch of an updated logo showing the evolution of the brand to a sleek, newer level of sophistication.
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Retail Navigator Analysis
Stores at LK Bennett
As of June 2023, the UK store network stood at 28 locations, comprising 15 standalone stores and 13 concessions, with the main hosts being Selfridges and Fenwick.
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Retail Navigator Analysis
Technology strategy at LK Bennett
Improving core systems has been set as one of the key priorities in the turnaround strategy for the brand. Driving the performance of the online business is another big focus.
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Retail Navigator Analysis
LK Bennett (Outlook)
Reshaped as a significantly smaller business following the successful completion of its CVA at the end of 2022, LK Bennett would appear to be recovering strongly
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News
Darren Topp returns to LK Bennett as chief executive
Former LK Bennett boss Darren Topp has been reappointed to the top job, following its acquisition by a Chinese partner.
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News
LK Bennett sold to Chinese partner
LK Bennett has been purchased by Rebecca Feng, who runs the fashion retailer’s Chinese franchise business, after going into administration in early March.
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News
Chinese firm closes in on LK Bennett acquisition
A Chinese firm which supplies LK Bennett is closing in on a deal to buy the beleaguered fashion retailer from administrators.
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News
Chinese firm mulls LK Bennett swoop
A Chinese firm which supplies LK Bennett has joined the race to buy the fashion retailer from administrators.
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News
Dune makes rescue bid for LK Bennett
Footwear chain Dune has launched a bid to rescue LK Bennett from administration.
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News
LK Bennett slumps into administration, 500 jobs at risk
LK Bennett has collapsed into administration putting around 500 jobs at risk.