245 Ted Baker to Close 15 Shops and Cut 245 Jobs Amid Financial Troubles 🏬

Ted Baker is set to close 15 of its shops, including four in London, with the loss of 245 jobs, after the retailer entered administration last month.The firm became the latest high-profile collapse in British fashion - following other recent insolvencies like Matches and Farfetch - when it administrators from Teneo were appointed for its UK arm in March. At the time, parent company Authentic Brands Group, which bought Ted Baker 18 months ago, said the business had ended up with “a significant level of arrears”.