Fashion brand LK Bennett on brink of collapse
High-end fashion chain LK Bennett has lined up an administrator for the business as it desperately seeks funding to stay afloat.which first reported the story.
The chain reported an operating loss of nearly £6m in the year to the end of July 2017, the most recent results available for the firm.Three things that could save the High StreetIn an email to staff, Ms Bennett said she had"fought as hard as I can, with all your help to turn the business into the success that I know it deserves to be".
Catherine Shuttleworth, chief executive at shopper marketing agency Savvy, said this was one of the reasons it was struggling. I understand a key lender reduced the amount of money the business could borrow, and that a lack of credit insurance also added to the problems.
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