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LK Bennett chief exec departs

LK Bennett chief executive Didier Drouet has left the womenswear retailer after a year and a half in the role.

Drouet, who joined the chain in September 2012 is being replaced by chairman Robert Bensoussan, who is also co-founder of Sirius Equity, one of LK Bennett’s investors.

Bensoussan previously acted as chief executive after the departure of Margaret McDonald in October 2010.

This move comes after LK Bennett’s private equity owners pumped millions of pounds into the business as part of a refinancing, according to The Sunday Times. Lloyds Banking Group stepped down as the retailer’s main lender last summer and was replaced by asset based institution Burdale, while Sirius and Phoenix Equity Partners had to inject extra cash,

Last May LK Bennett announced profits had grown to £9.3m in the year to July 28, 2012 from £5m the year before. Turnover rose 11.5% to £88.4m as the chain’s growth was fuelled by its speedy international expansion.

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