Authentic will announce on Wednesday that United Legwear and Apparel Co will take over the management of the Ted Baker brand in Britain and Europe days after its remaining stores were shut, Sky News learns.
The owner of Ted Baker will on Wednesday announce that it has struck a deal with an American group to re-establish an online presence in the UK, days after its remaining retail stores were shut for good. Sky News has learnt that Authentic, which has owned Ted Baker since 2022, has struck a deal with United Legwear and Apparel Co to operate an e-commerce presence for the brand in Britain and Europe.
which has partnerships of varying kinds with clothing brands including Skechers, Puma North American, Scotch & Soda and DKNY, is already Authentic's operating partner for Ted Baker in the US and Canada, meaning it is already familiar with the brand, insiders said. Money latest: Half of young people doing 'big no-no' with holiday money Retail industry sources said the deal would be announced on Wednesday, with the partnership launching in the autumn.
's administrator, Teneo, was forced to close 15 Ted Baker stores earlier in the year, a move which caused 200 people to be made redundant. Ted Baker was delisted from the London stock market in 2022 after being bought by Authentic, headed by the entrepreneur Jamie Salter, for about £210m. The retailer's torrid period began in 2019 when founder Ray Kelvin left amid claims of inappropriate behaviour towards colleagues.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ted Baker to close remaining stores today with two stores in Scotland affectedThe Scottish fashion house officially collapsed into administration in March this year and will now close the remainder of its stores today (August 20).
Read more »
Ted Baker 'to close all remaining stores' putting over 500 jobs at riskThe business behind the fashion brand’s UK shops, No Ordinary Designer Label Limited, fell into administration in March
Read more »
Ted Baker announces all 31 remaining stores will close this weekThe business behind the fashion brand’s UK shops, No Ordinary Designer Label Limited (NODL), fell into administration in March
Read more »
Ted Baker closes final stores putting 500 jobs at riskAll of the fashion brand's stores are expected to have shut by the end of Tuesday.
Read more »
Ted Baker to close rest of its shops this week putting 500 jobs at riskThe renowned brand will be no more.
Read more »
Exact date ALL remaining Ted Baker stores to close as more than 500 jobs at risk...Britain’s retail apocalypse: why your favourite stores KEEP closing down
Read more »