Ted Baker closing 15 UK stores and shedding 245 jobs
Ted Baker is closing 15 stores across Britain – sparking the loss of 245 jobs. The move comes after the fashion brand fell into administration, with its European retail and online arm appointing Teneo as administrators in March. It has 46 stores in the UK and Europe, and struggled with tough trading conditions and the fallout from the 2019 ousting of its founder Ray Kelvin amid claims of a culture of “forced hugs” at the company. Teneo’s Benji Dymant, the joint administrator of No Ordinary Designer Label, which is the retailer of the Ted Baker brand in the UK and Europe, called the store closu...