Ted Baker has introduced it’ll shut all of its 31 remaining UK shops by Tuesday this week.
Over 500 jobs are in danger from the closures, which embrace the group’s 12 shops in London, together with in all 4 of the capital’s main airports.
It got here because the agency behind Ted Baker’s UK retailers, No Extraordinary Designer Label (NODL), fell into administration in March this yr and its directors closed 15 retailers and reduce 245 jobs.
The choice to shutter the remaining retailers was triggered after the Genuine Model Group – which acquired Ted Baker in 2022 – stopped paying its suppliers, based on the Wall Road Journal.
Ted Baker first opened in Glasgow in 1988 and has picked up spectacular movie star endorsements together with Amal Clooney and Emma Stone.
Ted Baker is closing all 31 of its remaining shops by Tuesday after the model fell into administration earlier this yr
A Ted Baker retailer on Regent Road in London. The model had 12 shops throughout the capital, in addition to retailers in all 4 of London’s fundamental airports
Ted Baker at London Bridge. 15 shops closed in April after No Extraordinary Designer Label (NODL), fell into administration in March
A map of all Ted Baker shops set to shut, together with concessions in department shops
It additionally had a powerful presence in department shops together with concessions in Home of Fraser, Fenwick, Selfridges and over 20 places in John Lewis shops.
Shops within the Republic of Eire, together with in Dublin and Kildare, are additionally closing.
However in 2019, its founder, Ray Kelvin, famously left the enterprise in 2019 after allegations he pressured feminine workers to embrace him and sit on his lap, in addition to massaging his workers and kissing their ears.
Mr Kelvin denied all alleged misconduct.
Genuine Manufacturers, the US-based firm behind Juicy Couture and Reebok, retains possession of Ted Baker’s mental property.
Ted Baker’s licensing agreements for shops in cities in Asia and the Center East additionally stay unaffected by the collapse.
On Sunday, the model’s retail web site carried the message ‘Goodbye for now’, including that it will not take new orders, with clients given 14 days for returns.
A Ted Baker store in Covent Backyard. The model was acquired by Juicy Couture and Reebok mum or dad Genuine Manufacturers
A Ted Baker retailer exhibiting a clearance sale in July. Prospects have 14 days for on-line returns and no new orders are being accepted
John McNamara, chief technique and transition officer for Genuine Manufacturers Group, beforehand advised Style Community: ‘We want that there might’ve been a greater end result for the Ted Baker workers and stakeholders.’
Asserting the model’s chapter final month, joint administrator Benji Dymant mentioned: ‘Ted Baker is an iconic British model with robust companions around the globe.
‘These retailer closures, while with a regrettable affect on valued group members, will enhance the efficiency of the enterprise, as Genuine continues to progress discussions with potential UK and European working companions for the Ted Baker model to carry the enterprise again to well being.
‘We want to thank Ted Baker group members and companions for his or her ongoing efforts and help at this troublesome time.’
