All remaining Ted Baker stores to close this week, putting 500 jobs at risk
All of the remaining 31 Ted Baker stores will close this week, putting more than 500 jobs at risk.
The business behind the fashion brand’s UK shops, No Ordinary Designer Label Limited (NODL), fell into administration in March.
The remaining stores will close by Tuesday, it has been reported.
Ted Baker had 46 UK stores and employed around 975 people prior to the insolvency.
Authentic Brands, the US-based firm behind Juicy Couture and Reebok, is still the owner of Ted Baker’s intellectual property.
It was hoping to find a new partner to run the Ted Baker retail and online business in the UK and Europe.
The collapse of the UK stores marks the end of its position on high streets, after being founded in 1988 by Ray Kelvin and recognised for its patterned and floral clothing.
However, the brand is currently still sold through department stores and retailers such as John Lewis and House of Fraser.
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