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Former BHS boss Darren Topp to lead luxury fashion chain LK Bennett | Former BHS boss Darren Topp to lead luxury fashion chain LK Bennett |
(about 1 hour later) | |
Darren Topp, the former boss of collapsed retailer BHS, has been appointed as chief executive of fashion chain LK Bennett. | |
BHS collapsed in April, putting 11,000 out of work and 22,000 pensions at risk. Its demise has left its two pension schemes with a £571m black hole. | |
Mr Topp, former chief operating officer at BHS, endured a difficult time at the company as he attempted to keep the business afloat, following its sale by Sir Philip Green to the Dominic Chappell-led consortium Retail Acquisitions for £1 over a year ago. | |
In June, Mr Topp told MPs how Mr Chappell threatened to kill him when he found out about a £1.5m payment Mr Chappell made from BHS to an unaffiliated company called BHS Sweden in April. | |
At LK Bennett, Mr Topp will replace Robert Bensoussan, who took over on an interim basis in 2014. He will remain at LK Bennett as a non-executive director. | |
Mr Topp will be joined by Michael Hitchcock, former BHS financial consultant, who will take up the role of LK Bennett’s chief financial officer. | |
LK Bennett is a favourite with the Duchess of Cambridge, as well as the actresses Anna Paquin and Reese Witherspoon. | |
LK Bennett said Mr Topp has more than 30 years of retail experience at a senior level including Marks & Spencer and BHS. | |
“Darren and Michael have an exceptionally strong retail background and will be instrumental in driving the business through its next stage of development,” Patrick Woodall, LK Bennett chairman said. | |
Mr Topp said he was delighted to join the company. “LK Bennett is a fantastic business and we look forward to building on and continuing,” he said. | |
LK Bennett has 114 shops in the UK and Ireland as well as stores in the US and Middle East. | LK Bennett has 114 shops in the UK and Ireland as well as stores in the US and Middle East. |
The last remaining BHS stores closed in August, ending 88 years of British retail history. |