Ted Baker’s Administrators Announce 15 UK Store Closures
Ted Baker’s administrators announce 15 UK store closures which have “no prospect of being returned to profitability, even with material rent reductions”, and are cutting a huge 245 jobs. 25 of the job losses will be from Ted Baker’s head office. No Ordinary Design Label (NODL), the company that runs the Ted Baker stores in the UK, appointed administrators in March 2024 after building up high levels of arrears with their previous partners.
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