Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

LK Bennett chief executive exits

Margaret McDonald, the chief executive of premium retailer LK Bennett, is to step down from the business, Drapers has learnt.

McDonald joined the retailer in January 2009 from Gap-owned retailer Banana Republic, where she was vice-president for Europe. McDonald will remain at LK Bennett as an adviser and chairman Robert Bensoussan will take up the role of chief executive on an interim basis.

McDonald had been working alongside Bensoussan to reposition the retailer as an affordable luxury chain with a global reach.

Former Jimmy Choo boss Bensoussan led a buyout of LK Bennett in the summer of 2008 via his Sirius Equity private equity vehicle in a deal rumoured to be worth £80m. The retailer had sales of about £60m in 2008, split 45% clothing to 45% footwear and 10% bags and accessories.

LK Bennett has about 100 UK stores and concessions within department stores such as John Lewis and Selfridges.

Bensoussan told Drapers: “Our chief executive officer, Margaret McDonald, has informed us of her intention to leave LK Bennett.  We would like to thank Margaret for her strong contribution over the past eighteen months in helping to develop LK Bennett as the leading affordable luxury brand in the UK.”

He added: “I will assume the role of chief executive in addition to my role of executive chairman until further notice.”

Readers' comments (1)

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.