Saturday, 27 July 2024

Ted Baker announces closure of all UK stores amid financial struggles

Ted Baker previously fell into administration in March
 (Image: Jonathan Brady/PA Wire)
The business behind the fashion brand's UK shops fell into administration in March.

Ted Baker, the struggling fashion chain, is on the brink of disappearing from British high streets as it plans to close all its stores within weeks. The company that operates the UK shops of the fashion brand, No Ordinary Designer Label Limited (NODL), went into administration in March.

Since then, 15 UK shops have been closed, resulting in approximately 245 redundancies. As reported first by the Sun newspaper, staff at the remaining stores have been informed they will be made redundant when the stores close within three weeks.



By Anna Wise & Kieram Isgin
Full story at Manchester Evening News.

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