The British high street faces another potential blow as the premium fashion chain LK Bennett, renowned for dressing the Princess of Wales, has taken a critical legal step to stave off collapse. The retailer has filed a notice of intention to appoint administrators, casting a shadow over its remaining UK stores and workforce.
A Second Brush with Insolvency
LK Bennett lodged the legal notice at the High Court on January 14, 2026, initiating a crucial ten-day period for its leadership. During this window, bosses must urgently seek a new investor or buyer to rescue the beleaguered business. Should they fail, the appointment of administrators will mark the brand's second descent into insolvency proceedings in recent years.
The company's current UK presence is a stark contrast to its former global reach. Once operating approximately 200 outlets worldwide, its British footprint now comprises just nine standalone stores and 13 concessions within department stores. The brand, also favoured by celebrities like ITV's Amanda Holden, finds itself in a familiar precarious position.
History of Financial Struggle
This is not the first crisis for the label founded by Linda Bennett in 1990. The business previously collapsed into administration in 2019 after its then-owners could not secure a new financial backer. It was subsequently acquired out of insolvency by its Chinese franchise partner, Rebecca Feng, who saw off competition from retail magnate Mike Ashley of Sports Direct.
During the 2019 administration, the company's customer service lines were shut down and its website displayed a holding message. Founder Linda Bennett emailed staff expressing her deep regret, stating she had "fought as hard as I can … to turn the business into the success that I know it deserves to be."
What Happens Next?
The immediate future hinges on the search for a financial lifeline. Dan Hurd, a joint administrator at EY who handled the 2019 case, indicated at the time that a sale process would commence and trading in stores would continue, albeit with a temporary suspension of online sales.
The struggles of LK Bennett reflect broader challenges on the UK high street. Following the 2019 administration, then-shadow business secretary Rebecca Long Bailey commented on the retail climate, blaming low consumer confidence and government policy for creating "ghost towns." She outlined Labour's proposed five-point plan to revive high streets, which included business rates reform and free bus travel for under-25s.
All eyes are now on the next ten days to see if this iconic British brand, synonymous with royal and celebrity style, can secure a future or become another casualty of a turbulent retail landscape.
