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Fashion chain has 480 staff across 96 UK outlets and 47 shops and concessions abroad

The upmarket fashion chain LK Bennett is preparing to appoint administrators after its owner struggled to find a new financial backer for the loss-making retailer, putting almost 500 UK jobs at risk.

Famous for its signature kitten heels, which start at £175 a pair, the company was founded by the entrepreneur Linda Bennett, who opened the first store in Wimbledon, south-west London, in 1990. She sold control of the business to a private equity firm in a blockbuster deal in 2008, but in 2017 returned as a consultant after it started to struggle – and a short time later bought the company back.

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from US news | The Guardian https://ift.tt/2IIMZdH