According to The Street, British fashion brand LK Bennett has entered administration following mounting financial pressure, marking a significant turning point after 36 years in operation.

This means that its stores, including the one in Kingston's Bentall Centre, are under review and could close down.

The company has ceased e-commerce operations, with its website now displaying a notice confirming that online ordering and phone sales have ended. 

Prior to the shutdown, the brand ran a major liquidation sale offering discounts of up to 80% across both online and physical stores.

The administration process began on 27 January 2026, allowing the company to seek protection from creditors while exploring restructuring options. 

As part of the process, the LK Bennett brand and intellectual property (IP) were acquired by LKB IP Holdings LLC, an affiliate of Gordon Brothers, a firm known for restructuring and repositioning retail brands.

However, the transaction did not include the company's remaining store portfolio, including nine standalone locations and 13 concessions, such as its Kingston store. 

This leaves a significant portion of its physical retail footprint at risk and could impact up to 89 employees.

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The deal structure highlights a strategic move to separate brand value from physical retail operations, preserving IP while reducing fixed costs.

Founded in London in 1990, LK Bennett built its reputation as an accessible luxury label, expanding across the UK and internationally through standalone stores, department store concessions, franchise partnerships, and online distribution channels.

According to The Street, the brand has also been associated with high-profile customers, including Kate Middleton, Princess of Wales, underscoring its positioning within the premium contemporary segment.