Ted Baker

2024 - 4 - 8

Ted Baker Shuts 15 Stores and Cuts 245 Jobs: The Inside Scoop

administration - Frasers Group - job cuts - Next - retail industry - store closures - Ted Baker

Breaking news! Ted Baker is making substantial cuts by closing stores and axing jobs. Find out more here!

Ted Baker, the beloved High Street fashion chain, is making significant changes to reduce costs. With the announcement of closing 15 stores and cutting 245 jobs, administrators are working hard to streamline the company's operations.

The closures, set to happen within weeks, follow Ted Baker's recent collapse into administration. The European retail and online arm, now under the administration of Teneo, is facing tough decisions to ensure sustainability.

Among the closures, the fate of Ted Baker's UK retail business includes shutting 15 stores, leading to the loss of nearly 250 jobs. The specifics of which stores will be affected have been revealed, shedding light on the impact on employees and customers alike.

As Ted Baker navigates these challenging times, it's evident that the retail landscape is evolving rapidly, forcing even well-established brands to adapt or face closures. The fashion industry's resilience will be tested as companies like Ted Baker strive to find a balance between cost-cutting measures and maintaining their unique identity.

Did you know that Ted Baker's store in Bromley is one of the 15 shops set to close? This decision reflects the broader restructuring efforts undertaken by the company. Additionally, the closure of 11 stores by restructuring firm Teneo signifies a pivotal moment in Ted Baker's history, marking a shift towards a more streamlined retail strategy.

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Image courtesy of "BBC News"

Ted Baker to close 15 stores and cut 245 jobs (BBC News)

Administrators to the company behind the High Street fashion chain announce cuts to try to reduce costs.

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Image courtesy of "Sky News"

Ted Baker to close 15 stores across UK - with hundreds of jobs to go (Sky News)

The closures will happen within weeks and come after the fashion brand collapsed into administration last month. Redundancies will also take place at the ...

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Image courtesy of "The Guardian"

Ted Baker to close 15 UK stores with the loss of 245 jobs (The Guardian)

The company's European retail and online arm appointed Teneo as administrators last month after the retailer, which has 46 stores in the UK and Europe, ...

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Image courtesy of "The Independent"

Ted Baker reveals which 15 shops it will close (The Independent)

Administrators for Ted Baker's UK retail business have announced plans to shut 15 shops, and where. Almost 250 jobs are set to be axed as a result of the ...

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Image courtesy of "Insider Media"

Ted Baker store closures announced (Insider Media)

Eleven Ted Baker stores across the UK are set to close with about 120 jobs lost. On 22 March 2024, Benji Dymant and Daniel Smith of Teneo Financial Advisory ...

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Image courtesy of "News Shopper"

Bromley's Ted Baker store amongst 15 shops to shut (News Shopper)

ymTed Baker is to shut 15 stores and cut around 245 jobs, administrators have announced.

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Image courtesy of "Drapers"

Ted Baker to close a third of its stores (Drapers)

Today (8 April), the joint administrators at restructuring firm Teneo announced it would close 11 Ted Baker stores in the UK by 19 April, which will result ...

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Image courtesy of "Retail Gazette"

Ted Baker to close stores and cut 145 jobs, adminitrators reveal ... (Retail Gazette)

Ted Baker is set to close 11 of its UK stores as it appoints administrators, resulting in around 145 job cuts at the retailer.

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Image courtesy of "React News"

Ted Baker shutters 15 UK stores (React News)

Closure follows the collapse of parent firm No Ordinary Designer Label last month.

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Image courtesy of "Retail Gazette"

As Ted Baker store closures begin, what went wrong? - Retail Gazette (Retail Gazette)

ABG said that NODL had ended up with “a significant level of arrears” run up under AARC, the Dutch firm it had hired to run Ted Baker's stores and ecommerce ...

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Image courtesy of "Punchline Gloucester"

Ted Baker to close stores (Punchline Gloucester)

Fashion retailer, Ted Baker, is set to close 15 UK stores. The store at Gloucester Quays is unaffected by the closures, which will begin in the next few ...

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Image courtesy of "Business MattersBusiness Matters"

Ted Baker Announces Closure of 15 UK Stores, Resulting in ... (Business MattersBusiness Matters)

Fashion retailer Ted Baker is set to close 15 stores across the UK within weeks, leading to the redundancy of approximately 245 staff members.

PRESS: Frasers and Next eye buying Ted Baker retail stores - Times ... (AJ Bell Youinvest)

The two FTSE 100-listed retailers each have contacted administrators at Teneo Advisory in connection to a possible purchase of part or all of the Ted Baker ...

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Image courtesy of "Retail Gazette"

Ted Baker: Next and Sports Direct eye rescue deal - Retail Gazette (Retail Gazette)

Two East Midlands high street giants have expressed an interest in snapping up Ted Baker's stricken European arm.

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Image courtesy of "City A.M."

Next and Mike Ashley's Frasers Group mull Ted Baker rescue deal (City A.M.)

Mike Ashley's Frasers Group and Next have reportedly expressed interest in buying Ted Baker, just week after the brand collapsed.

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Image courtesy of "Telegraph.co.uk"

Mike Ashley's Frasers and Next vying for bust Ted Baker (Telegraph.co.uk)

Administrators say collapsed retailer had built up 'a significant level of arrears'

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