Ted Baker's Liverpool ONE store is set to close after more than a decade, resulting in job cuts and closures of other stores.
The Liverpool city centre store, on Peter's Lane, doubled in size in 2013 as the brand celebrated its 25th anniversary. After boasting a strong performance in the city, the shop decided to expand and started to stock the brand’s full menswear and womenswear ranges, accessories and fragrances.
Administrators for Ted Baker's stricken UK retail business have announced plans to shut 15 shops. Almost 250 jobs are set to be axed as a result of the closures and cuts to the fashion brand's head office.READ MORE: Sainsbury's £18 bag that 'looks expensive' similar to £2,700 Saint Laurent version The administrators said 11 Ted Baker stores will be shut by April 19, including the store in Liverpool ONE. A full list of the affected stores are: Birmingham Bullring, Bristol, Bromley, Cambridge, Exeter, Leeds, Liverpool ONE, London Bridge, Milton Keynes, Nottingham, Oxford.
The administrators also revealed four further stores will close after landlords served notice on the sites prior to the insolvency. These stores will shut "in the coming weeks" and result in another 100 job losses.Win one of 10 £100 vouchers for top supermarkets in our Hovis competition
Ted Baker Liverpool ONE Store Closure Job Cuts Fashion Brand
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.
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 »
Ted Baker announces closure of 15 UK stores including one in Greater ManchesterMore than 200 jobs will be cut in the process
Read more »
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's Nottingham store to close this month after administrationMore than 10 of the luxury clothing brand's UK stores are set to shut for good by the end of next week
Read more »
Ted Baker: Leeds residents 'heart broken' and shocked at announcement Victoria Quarter store to closeLeeds residents have reacted with shock and concern at the news that the Ted Baker store in the city is set to close.
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 »