Ted Baker will shut all of its remaining 31 shops this week, risking 500 jobs 4 months after going into administration.
The entire style model’s shops are anticipated to have shut by the top of Tuesday.
The agency behind Ted Baker’s UK retailers, No Extraordinary Designer Label (NODL), fell into administration in March this 12 months.
In April, its directors closed 15 retailers and reduce 245 jobs.
Earlier than it fell into administration, Ted Baker had about 975 workers within the UK and ran 46 retailers, plus an e-commerce platform and division retailer concessions.
US agency Genuine Manufacturers Group owns the mental property to Ted Baker, whereas NODL was the holding firm for the model within the UK.
When NODL fell into administration in March, Genuine stated the ‘injury carried out’ throughout a tie-up with one other agency was ‘an excessive amount of to beat’.
