British fashion brand Ted Baker to close remaining 31 UK stores, affecting 500 jobs.

Ted Baker, a British fashion brand, will close all 31 of its UK stores this week, affecting 500 jobs. This follows the company's UK retail arm entering administration in March, resulting in 15 store closures and 245 job losses. Authentic Brands Group, owner of Ted Baker's intellectual property, is in talks with potential UK and European operating partners, but discussions have stalled. Ted Baker has faced financial difficulties since 2019 following founder Ray Kelvin's departure in a misconduct scandal.

August 18, 2024
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