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

Ted Baker is in trouble and may soon close all its stores in the UK. The fashion chain is facing financial difficulties and could disappear from British high streets very soon.

The company that owns the UK stores for the fashion brand, No Ordinary Designer Label Limited (NODL), went into administration in March.

The company has closed 15 stores in the UK, leading to approximately 245 employees losing their jobs. Workers at the remaining stores have been informed that they will also be laid off when the stores close in the next three weeks, as initially reported by The Sun newspaper.

It is clear that the plans have not been determined yet, even though the message has been sent to employees.

Before going out of business, Ted Baker had a total of 46 stores located in the United Kingdom and had a workforce of approximately 975 individuals.

Authentic Brands, the American company that owns the rights to Ted Baker's brand, is looking for a new company to take over the operation of Ted Baker's stores and online business in the UK and Europe. They currently own the intellectual property for brands like Juicy Couture and Reebok.

The closure of British stores could signal the decline of Ted Baker's presence in shopping areas, following its establishment in 1988 by Ray Kelvin and known for its stylish and flowery clothing. Nevertheless, the label is still available through department stores and vendors like John Lewis and House of Fraser.