Fashion chain Ted Baker set to close all remaining UK stores by end of Tuesday
Its 31 remaining stores in the UK and Ireland will close before the end of the day on Tuesday and the website has also been closed.
Fashion chain Ted Baker is set to close all its stores in the UK by the end of Tuesday, bringing an end to its position on high streets and putting more than 500 jobs at risk.
Its 31 remaining stores in the UK and Ireland will close before the end of the day on Tuesday and the website has also been pulled.
Ted Baker was founded by Ray Kelvin, who opened his first shop in Glasgow in 1988, and the brand’s clothing and accessories are widely recognised for their patterns and florals.
A different American company, Authentic Brands, which owns Ted Baker’s intellectual property, said that despite “tireless efforts” it could not “overcome” the financial issues the business faced.
Authentic blamed the process on “damage” done during a partnership with Dutch company AARC Group, and the “significant level of arrears” that had built up during the association.
Ted Baker had also flagged economic challenges in recent years, having faced weaker consumer demand and difficulties in its supply chain, after being among the luxury retailers to take a hit during the Covid pandemic.
Some 513 employees across the UK and in its head office, and 78 in Ireland, are expected to be affected by the remaining closures.
About 245 staff were made redundant after 15 shops were shut earlier in the year.
Ted Baker’s UK website has also been pulled, and customers told it is “not taking orders right now”, and that they have 14 days to return orders made online.
Authentic previously said it was hoping to find new UK and European operating partners to run the Ted Baker brand, which is currently sold through department stores and retailers such as John Lewis and House of Fraser.
Authentic, the US-based firm also behind global brands including Juicy Couture and Reebok, bought Ted Baker for £211 million in 2022.
It did not comment on the confirmation of shop closures this week.
Ted Baker continues to have more than 30 licensing partners globally that are unaffected by the UK and Ireland administration, including in North America, Asia and the Middle East.
