Ted Baker ‘plans to shut all its UK shops within weeks’ | Ted Baker

Ted Baker may disappear from British excessive streets because the struggling vogue chain plans to close all its shops inside weeks.

The enterprise behind the style model’s UK outlets, No Odd Designer Label Restricted (NODL), entered administration in March.

It has since shut 15 outlets within the UK, leading to about 245 employees being made redundant. Workers working on the remaining outlets have been informed they’ll lose their jobs when the outlets are shut inside three weeks, as first reported within the Solar newspaper.

It’s understood that the plans haven’t been finalised, regardless of the message to staff.

Ted Baker had 46 UK shops and employed about 975 folks earlier than the insolvency.

Genuine Manufacturers, the US-based agency behind Juicy Couture and Reebok, nonetheless owns Ted Baker’s mental property. It hoped to discover a new associate to run the Ted Baker retail and on-line enterprise within the UK and Europe.

The collapse of the UK shops may mark the tip of Ted Baker’s place on excessive streets, after being based in 1988 by Ray Kelvin and recognised for its patterned and floral clothes. Nonetheless, the model remains to be bought by way of malls and retailers equivalent to John Lewis and Home of Fraser.