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LK Bennett for sale

By FashionUnited

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Following a spate of successful sales in the fashion industry - including last week's sale of Jimmy Choo for GBP101 million - Linda Bennett has revealed that she too is interested in selling.

Bennett's intention is to sell a majority stake in her shoes and apparel business in order to be able to focus on designing. Since she started her business 14 years ago, Bennett has been responsible for both the designing and business aspects.

According to The Times, retail analysts have estimated a sale for up to GBP75 million to a trade buyer or private equity firm. LK Bennett gave a forecast of full-year sales of GBP50 million, with a GBP7 million profit for 2004.

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