Friday, April 19, 2024

'Absolutely Gutted,' Sob Shoppers As British Chain Prepares To Close 11 Stores - Check If Your Local Is On...

SHOPPERS are devastated as a beloved luxury retailer is set to close some of its stores in just hours.

Ted Baker - known for selling high quality clothes at fair prices - will shut 11 branches by the end of the day.

In a huge blow to shoppers, Ted Baker revealed 15 of its stores would go, with 11 shutting down by April 19.

Four more stores will close after notices were served before the retailer's collapse, resulting in a further 100 redundancies.

Benji Dymant, joint administrator said: "Ted Baker is an iconic British brand with strong partners around the world.

"We would like to thank Ted Baker team members and partners for their ongoing efforts and support at this difficult time."

No Ordinary Designer Label (NODL), owned by Authentic Brands Group (ABG) and trading as Ted Baker, appointed Teneo to oversee the administration process.

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