More than 10 of the luxury clothing brand's UK stores are set to shut for good by the end of next week
Designer clothing shop Ted Baker is set to close its Nottingham store this month after the brand fell into administration. The luxury clothing brand entered administration last month, when No Ordinary Designer Label , owned by Authentic Brands Group and trading as Ted Baker, appointed consulting firm Teneo to oversee the process.
The administrators have now confirmed the brand's only standalone Nottinghamshire location, which is on Bridlesmith Gate in Nottingham city centre, will be closed within the next two weeks. In total across Ted Baker's UK 86 stores, 145 redundancies are now expected to be made, with 120 store staff alongside 25 head office roles set to go.
All 11 of the closing stores are expected to be permanently shut by Friday, April 19. The brand's entire store portfolio has been "loss-making" and administrators say the sites have no prospect of being returned to profitability, even with material rent reductions.The locations of all the confirmed closures are listed below:
In addition to the 11 branches ready to be shut down, four more will follow in the coming months. These stores had notices served before Ted Baker fell into administration, resulting in 100 more redundancies.To try and make things a little easier, we have now launched a new WhatsApp community to bring you the latest news and headlines straight to your phone. We'll be bringing you all the headlines from across Nottinghamshire directly to WhatsApp - and you will get the breaking news first.
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 Nottingham store as brand falls into administrationDesigner clothing shop Ted Baker is set to close its Nottingham store this month after the brand fell into administration. The luxury clothing brand entered administration last month, when No Ordinary Designer Label (NODL), owned by Authentic Brands Group (ABG) and trading as Ted Baker, appointed consulting firm Teneo to oversee the process. The administrators have now confirmed the brand's only standalone Nottinghamshire location, which is on Bridlesmith Gate in Nottingham city centre, will be closed within the next two weeks. In total across Ted Baker's UK 86 stores, 145 redundancies are now expected to be made, with 120 store staff alongside 25 head office roles set to go. All 11 of the closing stores are expected to be permanently shut by Friday, April 19. The brand's entire store portfolio has been "loss-making" and administrators say the sites have no prospect of being returned to profitability, even with material rent reductions. Poll: How worried are you about Nottingham City's Council budget proposals? The locations of all the confirmed closures are listed below: In addition to the 11 branches ready to be shut down, four more will follow in the coming months. These stores had notices served before Ted Baker fell into administration, resulting in 100 more redundancies. The branches affected are: To try and make things a little easier, we have now launched a new WhatsApp community to bring you the latest news and headlines straight to your phone
Read more »
Ted Baker to Close 15 Stores and Cut 245 Jobs in the UKIconic British brand Ted Baker is to shut 15 stores across the UK and cut around 245 jobs after plunging into administration.
Read more »
Ted Baker to close 15 stores across UK - with hundreds of jobs to goThe closures will happen within weeks and come after the fashion brand collapsed into administration last month. Redundancies will also take place at the firm's head office.
Read more »
Liverpool ONE shop to shut after more than 10 yearsTed Baker is set to close 15 stores across the country including one in Liverpool ONE
Read more »
Nottingham MPs express concerns over Nottingham Forest's points deductionNottingham MPs have written to the Culture, Media and Sport Secretary expressing concerns over Nottingham Forest's points deduction for breaching the Premier League's Profitability and Sustainability Rules.
Read more »
Ted Baker falls into administration putting 46 UK stores and almost 1,000 jobs at risk...Britain’s retail apocalypse: why your favourite stores KEEP closing down
Read more »