The acquisition by Gordon Brothers includes the LK Bennett brand and the related intellectual property assets from the joint administrators of LK Bennett Fashion Limited.

“LK Bennett is a beloved heritage brand with a reputation for impeccable craftsmanship and quality, and a distinctly British spirit,” said Tobias Nanda, head of brands at Gordon Brothers. “We are excited to add LK Bennett to our portfolio of brands and proud to steward the brand into the next phase of growth, bringing LK Bennett’s modern luxury to both long-time followers and new customers from around the world.”

As new owners of the brand, Gordon Brothers will evaluate several go-to-market strategies for the business with an emphasis on building relationships with retailers, continuing to expand the brand through creative and innovative marketing opportunities that delight the consumer, and growing the portfolio of licensees and franchisees. The firm will focus on transitioning LK Bennett to the asset-light model, as Gordon Brothers did with the successful revitalisation and expansion of the Laura Ashley brand globally.

As owners of several brands, Gordon Brothers prioritises expanding brands through licensing to bolster their brick-and-mortar and e-commerce presence and develop more strategic wholesale and retail relationships. Gordon Brothers also invests in product development and marketing for its portfolio of brands.

“We are delighted to provide a solution to the Administrators that both ensures value to the estate and preserves the longevity of this iconic British brand,” said Nimit Shah, managing director, EMEA at Gordon Brothers. “We believe the LK Bennett brand is capable of reinvigoration under a new asset-light model.”

Last week, Next announced the acquisition of British brand Russell & Bromley in a £2.5m deal.