LK Bennett has been granted a £4m inventory facility from Secure Trust Bank Commercial Finance to support its growth plans. The retailer is investing in a number of initiatives planned pre-pandemic including systems upgrades, store refurbishments and new UK store openings.
Darren Topp, chief executive at LK Bennett, said: “Initially we looked at different options, but an asset-based approach provided the flexibility we need to support our business.”
Tony Young, regional sales director at Secure Trust Bank, added: “We are proud to have been able to work with a staple of the UK fashion industry in LK Bennett. These were some of the most difficult times the business had faced and we were pleased to work with Darren and his team to help the LK Bennett negotiate them.”
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