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Gloucestershire Business News

Quays fashion brand to file for administration

In more bad news for the high street, high-end fashion retailer, LK Bennett is to file for administration.

The retailer, which has stores in Gloucester Quays and Cheltenham, is now desperately seeking funding to stay afloat, as reported by the BBC.

LK Bennett is popular with the Duchess of Cambridge. It has 200 shops globally, including 41 in the UK and 480 staff.

The chain made a loss of nearly £6m in the year to July 2017, the most recent results available.

LK Bennett is just the latest in a string of well-known names suffering on the high street. Last year Toys R Us and Maplin disappeared altogether. House of Fraser and HMV were recently saved at the 11th hour, although sadly too late for the Gloucester branch of HMV.

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