LK Bennett calls in advisers

Linda Bennett, the founder of premium womenswear retailer LK Bennett, has reportedly called in advisers to examine options for the company nearly 18 months after buying the business back from its private equity partners, according to Sky News.

Bennett has reportedly appointed AlixPartners to oversee a strategic review that insiders say could lead to a sale of the company later this year.

In 2008, Bennett sold a majority stake in the firm for an estimated 80 to 100 million pounds to a consortium led by Phoenix Equity Partners, before buying back the 45 percent of equity that she didn’t already own in 2017.

Last year, LK Bennett reported an operating loss of 5.9 million pounds for the financial year ending 29 July.

Photo credit: LK Bennett, Facebook

 

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