Ted Baker’s UK Shops to Fall Into Insolvency, Risking Jobs (1)

Ted Baker is preparing to place its network of stores across the UK into insolvency, putting hundreds of jobs at risk.

The fashion chain has filed a notice of intention to appoint insolvency administrators to No Ordinary Designer Label, the part of the business that runs its shops. Advisory firm Teneo is being lined up to handle the process.

Ted Baker’s brand and intellectual property is owned by Authentic Brands Group Inc., the US company which is also behind brands such as Reebok. The UK retailer employs almost 1,000 people and has more than 40 stores across the ...