LK Bennett fashion chain collapses into administration

As many as 500 jobs at risk after owners fail to find new financial backerThe upmarket fashion chain LK Bennett has collapsed into administration, putting 500 jobs at risk, after its owners failed to find a new financial backer to keep it afloat.The company, which counts the prime minister and Duchess of Cambridge among its customers, has appointed the accountancy firm EY to manage the administration of its 39 shops. Related: Primark tells 200 UK staff to move to Dublin or risk redundancyContinu