She retained a stake in LK Bennett and remained on the company board following the sale. Then in May this year she rejoined the company management team as consultant. You are here: News. Share Add to Bookmarks. Drapers understands that she is currently the highest bidder for the business. It comes after Bennett is understood to have dropped out of the bidding process on 2 April. The deal is expected to be finalised at the start of next week.
Under our plan, the business will continue to operate out of the UK, looking to maintain the longstanding and undoubted heritage of the brand. The former chief executive Darren Topp and the former finance director Andrew Ellis will work with Byland as part of the deal. LK Bennett has struggled financially despite its popularity with high-profile women, including the Duchess of Cambridge and Theresa May, who wore a blue dress from the chain for a photoshoot in the US edition of Vogue. Ms Bennett sold her majority stake in the chain to private equity firm Phoenix Equity Partners in , but in returned to advise the business after the retailer started to struggle.
She bought the company back a short time later. Shortly before the business fell into administration, Ms Bennett emailed staff saying she had "fought as hard as I can, with all your help, to turn the business into the success that I know it deserves to be". Shops and jobs go as LK Bennett collapses.
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