Good Christmas trading is no guarantee of survival in the UK fashion retail market. Womenswear chain East filed for administration Monday less than a month after reporting a festive sales uplift and rising e-sales.
It’s always interesting when a founder returns to spearhead a brand that has lost its way and now Theo Fennell, like the founders of Jack Wills and LK Bennett before him, is back to offer a founder’s vision to the brand.
LK Bennett has seen some challenges of late but the fashion retailer believes its turnaround is on track, despite more red ink last year. E-sales are surging at home and in the US and it's opening stores in new markets.
Linda Bennet, who founded LK Bennett in 1990, has been drafted in by chief executive Darren Topp in a consultative capacity to help restore her original vision of “a little bit of Bond Street on the High Street”.
British high-end retailer L.K. Bennett said it plans to open five stores in Russia, shrugging off the political and economic challenges of working in a country that's been under Western sanctions for almost three years.
LK Bennett is officially launching its first store in Russia on Thursday (March 16). The debut follows a soft launch last August at the Metropolis mall in Moscow as the UK firm targets faster growth abroad.
The British fashion label has confirmed the appointment of Tracey Stainer as its new creative design director. The announcement comes six months after the departure of former chief creative officer Gemma Metheringham.