Skip navigation

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.

Subscribe to Punchline

Related Articles

Tewkesbury firm making parts for fighter jet flies into storm Image

Tewkesbury firm making parts for fighter jet flies into storm

With an otherwise low-profile county-wide a Gloucestershire firm which makes circuit boards for the F-35 warplanes has found itself in media searchlights over its ownership.

WARNING: Overnight closure on Eastern Avenue Image

WARNING: Overnight closure on Eastern Avenue

Gloucestershire County Council highways crews will be resurfacing one of the major arterial routes in and out of Gloucester at the end of the month.

Energy tycoon confident new football stadium will be built Image

Energy tycoon confident new football stadium will be built

The man behind the rejected bid to build a 5,000-seater football stadium in Gloucestershire said he will give planners a ‘second chance’ to make the right decision.

Fourth consecutive win for Gloucester company at major national awards Image

Fourth consecutive win for Gloucester company at major national awards

Gloucestershire-based retailer, ProCook, is celebrating winning Best Multichannel Retailer in the £15-30m category at the Direct Commerce Awards.

Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.