Immediately following their appointment, the LK Bennett brand and related intellectual property was sold to LKB IP Holdings, LLC (a Gordon Brothers affiliated entity). The LK Bennett stores were not included in the transaction and continue to trade under the Administration. Online sales via the LK Bennett website continue for the foreseeable future.

The Company's affairs, business and property are being managed by the Joint Administrators, who act as agents of the Company and without personal liability. The Joint Administrators, the Joint Administrators' firm and any of the Joint Administrators' partners, employees, agents or advisers will not bear any liability, whether personal or otherwise under or in connection with the terms and conditions nor any other policy.