A British company goes into administration when it no longer has enough money to meet its debt obligations, expenses and other liabilities. Its control is passed to a licensed insolvency practitioner, known as the administrator, which aims to rescue the company or achieve the best possible outcome for its creditors.
All stores of LK Bennett, the womenswear brand founded in London in 1990, have closed after it entered administration on January 27, 2026.
Immediately after joint administrators were appointed to oversee the business in January, the retailer’s brand and intellectual property were sold to a company affiliated with Gordon Brothers, but its stores and concessions were not included in the transaction.
Immediately after joint administrators were appointed to oversee the business in January, the retailer’s brand and intellectual property were sold to a company affiliated with Gordon Brothers, but its stores and concessions were not included in the transaction, according to UK media reports.
The company continued trading through nine standalone stores and 13 concessions across the UK and Ireland then while administrators wound down the retail operation.
But many LK Bennett stores closed later ahead of schedule. Some concession locations continued operating briefly while the stock was cleared.
A series of clearance sales were launched by the retailer following the administration.
Fibre2Fashion News Desk (DS)