Ted Baker Canada Seeks Court Protection in Toronto, US

Fashion retailer Ted Baker has put its Canadian operations into a form of bankruptcy in Toronto, according to Wednesday court filings.

• Ted Baker Canada Inc. kicked off insolvency proceedings in Toronto and filed a related Chapter 15 petition in New York bankruptcy court to recognize the Canadian proceedings
  • The Canadian court filings also name other Ted Baker corporate affiliates
• Chapter 15 is a form of US bankruptcy that shields companies’ assets from creditors while they restructure in a different country
• The move comes after the company behind Ted Baker’s UK shops initiated separate insolvency proceedings last month

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