Stores to close despite LK Bennett buyout
A buyout has saved high street fashion retailer LK Bennett from administration, however its Birmingham store is one of several that will close with the loss of more than 100 jobs.
Byland UK has bought the flailing retailer, saving a total of 325 jobs. Byland was set up by Rebecca Feng, who runs the Chinese franchises of the business. She reportedly beat Sports Direct’s Mike Ashley to the punch, according to the Guardian.
15 of the stores were not included in the deal and will close, including Bath, Gloucester, Westgate Oxford... For the full story register now for free or login below...