LK Bennett surprised the retail sector when it named Darren Topp, ex-boss of failed BHS, as its CEO, but now it seems that Topp is leaving and Erica Vilkauls, who recently ran the failed East chain, is on board.
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.