HIGH STREET trend retailer LK Bennett, which is a favorite of Kate Middleton, has confirmed plans to enter administration.
LK Bennett has 41 shops throughout the UK, together with eight retailers, in addition to 54 division retailer concessions.
The retailer employs just below 500 employees, which implies their jobs may very well be in danger if the corporations go below.
Kate Middleton, the Duchess of Cambridge, is a fan of the model and is commonly pictured wearings its clothes, sneakers and purses.
Earlier this month she was snapped carrying a pair of £300 LK Bennett boots.
Accountacy agency Ernst & Younger says it’s anticipated to turn out to be the administrator for the upmarket girls’s trend model.
Neither Ernst & Younger or LK Bennett would touch upon the information or what is going to occur subsequent when requested by The Solar.
When retailers go into administration they have a tendency to remain open whereas a purchaser is sought.
For now, all of LK Bennett’s shops are buying and selling as regular whereas its web site stays lively.
The retailer has confirmed that buyers’ rights stay as traditional, however for those who’ve purchased one thing not too long ago that you just had been planning to return you could need to accomplish that sooner relatively than later.
Likewise, it could be smart to redeem any LK Bennett present playing cards as quickly as potential to make sure you don’t lose out if the agency stops buying and selling.
On this state of affairs, individuals owed cash sometimes should file as a creditor with no assure they’ll get their money again.