The company, which was founded in Glasgow but owned by US-firm Authentic Brands Group, said that it was in 'advanced discussions' with potential buyers.
The high-end British fashion retailer cited cited a 'significant level of arrears'British fashion retailer Ted Baker is set to appoint administrators after the high-end brand cited a 'significant level of arrears', risking the closure of its high street branches with over 1,000 jobs on the line.
Ted Baker's holding company in the UK and Europe, No Ordinary Designer Label , had 'built up a significant level of arrears' during its partnership with Dutch firm AARC, which was tasked with running Ted Baker's shops and online business in Europe. Restructuring firm Teneo will be charged with charged with task of administration at the ailing firm, according to the BBC.
Ted Baker is set to appoint administrators after the high-end brand cited a 'significant level of arrears'
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Hundreds of jobs at risk as Ted Baker calls in administratorsThe fashion retailer’s parent has filed a notice of intention to appoint administrators weeks after a licensing partnership was abandoned, Sky News understands.
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Ted Baker ‘to file for administration’ with 86 stores and hundreds of jobs at risk...Britain’s retail apocalypse: why your favourite stores KEEP closing down
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Ted baker to 'file for administration' putting 86 stores at riskHundreds of jobs are at risk.
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Ted Baker set to appoint administrators putting hundreds of jobs at riskThe chain has two stand-alone stores in Greater Manchester
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Ted Baker in 'administration' as stores and jobs at riskThe retailer operates 86 stores across the country
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Ted baker to 'file for administration' putting 86 stores at riskHundreds of jobs are at risk.
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