UK high street fashion label LK Bennett is working with advisers on an accelerated sale process, Sky News reported.
The chain, whose dresses have been worn by the Princess of Wales, is working with Alvarez & Marsal to sound out potential buyers and investors, the outlet reported, citing people with knowledge of the matter. It’s unclear whether a sale of the loss-making brand was likely or whether existing backers might be prepared to inject more funding into the business, Sky added.
LK Bennett, which had a previous brush with insolvency in 2019, didn’t respond to Sky’s request for a comment. A&M declined to comment, according to Sky.
By Shiyin Chen
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