Hundreds of jobs are at risk.
The scale of closures is currently unclear Hundreds of jobs at high street store Ted Baker are at risk as it plans to appoint administrators. No Ordinary Designer Label, owned by Authentic Brands Group , filed a notice of intention to appoint Teneo Financial Advisory as administrators today. While the scale of closures is currently unclear, there are 86 Ted Baker stores across the UK.
Stores are expected to continue trading John McNamara, chief strategy and transition officer for ABG said: ‘Despite our tireless efforts, the damage done during a period under AARC in which NODL built up a significant level of arrears was too much to overcome. ‘We wish that there could have been a better outcome for the Ted Baker employees and stakeholders. ‘We remain focused on securing a new partner to uphold and grow the Ted Baker brand in the UK and Europe where it began.
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