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Gloucestershire Business News

Good and bad news for LK Bennett lovers in Gloucestershire

Gloucester's LK Bennett store is one of 15 outlets that will not be part of a rescue deal to save the company from administration, according to reports.

LK Bennett was put into administration last month by founder Linda Bennett with EY appointed to try and negotiate a sale.

The administrators said "tough trading conditions" had led to the decision which saw five of their 39 UK stores closed immediately.

Now, according to widespread reports, the sale of the company's UK, Ireland and wholesale business has been completed.

Rebecca Feng, who is LK Bennett's partner in China has agreed the deal that will also see her buy parts of the company's European and American business.

However, administrators EY have confirmed to the BBC that 15 stores will not be part of the sale - including the outlet in Gloucester Quays.

LK Bennett's Cheltenham store is not listed in the 15 set for closure.

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