Women’s fashion and footwear chain LK Bennett has taken steps to seek approval from the U.K. High Court to appoint an administrator, marking a potential first retail collapse of 2026. The move comes as the brand, known for its association with high-profile figures such as Kate Middleton, the Princess of Wales, struggles in a challenging retail environment.
Should the court grant the application, it would be the second time LK Bennett has entered administration in six years. The company is reportedly collaborating with consulting firm Alvarez & Marsal to secure a buyer. Approximately 275 jobs are at risk, and nine U.K. stores could close if the administration proceeds.
Founded in 1990 by Linda Bennett in Wimbledon, the brand initially gained prominence for its work shoes and classic pumps. Over the years, its product range expanded to include boots, sandals, apparel, and bags. Notably, LK Bennett was once lauded for designing the shoes worn by now Queen Camilla during her marriage to King Charles on April 9, 2005.
The company previously fell into administration in 2019 after failing to secure an investor, leading to the appointment of EY as administrator. Following that collapse, the brand was acquired by Byland U.K., a company formed by Rebecca Feng, who previously managed its franchises in China. Under Feng’s leadership, the brand experienced a revitalization, with Darren Topp at the helm as CEO.
As the retail landscape becomes increasingly difficult, LK Bennett faces fierce competition and a challenging consumer environment. The current climate is marked by high business rates and persistent inflationary pressures affecting consumer spending. Helen Dickinson, CEO of the British Retail Consortium, highlighted these challenges in a statement on December 18, indicating that consumer confidence remains “gloomy” and that retail spending expectations have continued to decline for three consecutive months.
The situation for LK Bennett reflects broader struggles faced by U.K. retailers, who are grappling with economic uncertainty and shifting consumer behaviors. The company’s historic ties to British fashion and its previous recoveries add to the gravity of this recent development, as it stands on the brink of another potential collapse.
As the court reviews LK Bennett’s petition, the outcome will not only determine the future of the brand but also serve as an indicator of the ongoing challenges within the retail sector in the U.K.
