Women’s fashion and footwear chain LK Bennett has applied for U.K. high court approval to appoint an administrator, marking a potential collapse as the company faces significant financial difficulties. This situation could make LK Bennett the first retail casualty of 2026. The brand, known for its elegant designs favored by prominent figures such as Kate Middleton, the Princess of Wales, and former Prime Minister Theresa May, is at risk of losing around 275 jobs and could close nine stores across the U.K.
The request for administration comes after the company has reportedly engaged Alvarez & Marsal, a consulting firm, to assist in locating a buyer. If the court grants the application, it will be the second time LK Bennett has entered administration within six years. The brand previously went through a similar process in 2019 when it was unable to secure an investor.
Founded by Linda Bennett in 1990 in Wimbledon, southwest London, LK Bennett initially gained recognition for its stylish women’s work shoes and classic pumps. Over time, the company expanded its range to include boots, sandals, apparel, and bags. Following its first administration, LK Bennett was acquired by Byland U.K., a company established by Rebecca Feng, who had previously operated the brand’s franchises in China. Under Feng’s leadership, the brand saw a revitalization, particularly under the guidance of CEO Darren Topp, who took the helm in 2023.
This latest challenge for LK Bennett comes amid a difficult retail environment in the U.K. characterized by rising business rate taxes and ongoing inflationary pressures that have dampened consumer spending. In a statement on December 18, Helen Dickinson, CEO of the British Retail Consortium, noted that consumer confidence remains “gloomy,” with expectations for retail spending declining for the third consecutive month. Dickinson emphasized that “challenges remain in the year ahead,” highlighting the tough landscape for retailers.
The brand has had a notable history, including designing the shoes worn by Camilla Parker Bowles during her marriage to King Charles III in 2005. After being sold to private equity firms in 2008 for an estimated £80 million to £100 million, Linda Bennett later repurchased the company in 2017 before it faced another wave of financial distress.
As LK Bennett navigates this current crisis, the fate of its remaining stores and employees hangs in the balance. The outcome of the high court’s decision is expected within the next few days, which will determine the future of this once-beloved fashion brand.
