Next Explores Discounted Acquisition of LK Bennett Following Insolvency

Next is considering a cut-price acquisition of LK Bennett after the luxury womenswear brand filed for insolvency to appoint administrators.The retail giant is reportedly focused on the brand and intellectual property assets rather than the remaining nine physical stores and various franchises.Consultancy Alvarez & Marsal is advising on the sale as Next continues a strategy of absorbing distressed retailers like Seraphine.