Core Viewpoint - The Original Factory Shop has entered administration, putting approximately 1,180 jobs at risk due to ongoing trading pressures, including high-cost inflation and fragile consumer confidence [1][4]. Group 1: Company Overview - The Original Factory Shop operates 137 stores across the UK, offering a variety of products including clothing, homewares, beauty products, toys, and seasonal merchandise [4]. - The company was founded in 1969 and has been a significant presence on local high streets [4]. Group 2: Recent Developments - The retailer has faced challenges from a third-party warehouse and logistics provider, which negatively impacted sales [1]. - The company had recently undergone a restructuring program, relocating its head office and distribution center from Burnley to Bolton, and negotiating rent reductions at several sites [3]. Group 3: Administration Details - Rick Harrison and James Clark from Interpath have been appointed as joint administrators, and all 137 stores will continue to operate while options for the business are reviewed [2]. - The online shop has been closed immediately, but online orders placed before January 28, 2026, are expected to be fulfilled as normal [5][6].

Core Viewpoint - The future of LK Bennett, a high-end fashion retailer, is uncertain as it has filed an intention to appoint administrators for the second time in six years, indicating a potential collapse into administration if the court grants the application [1][2]. Company Overview - LK Bennett is known for its association with the Princess of Wales, who has worn its dresses and shoes at various royal engagements [3]. - The company employs nearly 300 staff and is owned by Byland UK, a group with Chinese ownership [3]. Financial Performance - In its most recent accounts, LK Bennett reported post-tax losses of £3.5 million and a sales decline of nearly £50 million compared to the previous year [8]. - The company has nine standalone stores and 13 in-store concessions across the UK, Ireland, and Jersey [8]. Historical Context - LK Bennett previously collapsed into administration in 2019 due to a lack of funding amid rising business rates, leading to the closure of five stores and subsequent redundancies [5]. - The company was saved by Byland UK, which acquired it out of administration after its previous owners failed to secure fresh funding [6][7]. Recent Developments - The retailer was attempting to secure a last-minute rescue deal following a downturn in trading just days before the recent court filing [3]. - Prior to the announcement, LK Bennett was working with advisers at Alvarez & Marsal on an accelerated sales process in anticipation of the Christmas season [7].