House of Fraser’s owner Sports Direct vehemently denied a report on Monday that most stores will close after the Christmas trading period as it responded to a story suggesting HoF was ready to exit most of its stores.
The news around LK Bennett may have gone fairly quiet since the failed company was acquired out of administration by its Chinese franchise partner, but it has emerged that the company owed almost £32m to creditors.
The bidders for failed footwear and fashion chain LK Bennett are believed to include shoe retailer Dune. Offers have been lodged this week and a preferred buyer for the company should be chosen within the next few days
LK Bennett filed for administration Thursday with the firm’s intention to file having been the worst kept secret in retail of late. The administrators have shut five stores and are seeking bidders for the business.
House of Fraser is to get a new owner after calling in administrators Friday. A fast deal to buy a slimmed-down version of the chain had been on the cards with news Friday that retail tycoon Mike Ashley is now in charge.