Ted Baker closes final stores putting 500 jobs at risk – MASHAHER

The remaining 31 Ted Baker stores in the UK are to close this week, putting more than 500 jobs at risk.

All of the fashion brand’s stores are expected to have shut by the end of Tuesday.

The firm behind Ted Baker’s UK shops, No Ordinary Designer Label (NODL), fell into administration in March this year.

In April, its administrators closed 15 shops and cut 245 jobs.

Before it fell into administration, Ted Baker had about 975 employees in the UK and ran 46 shops, plus an e-commerce platform and department store concessions.

US firm Authentic Brands Group owns the intellectual property to Ted Baker, while NODL was the holding company for the brand in the UK.

When NODL fell into administration in March, Authentic said the “damage done” during a tie-up with another firm was “too much to overcome”.