Ted Baker administrators plan to shut all of its UK stores within the next three weeks.
Since the business behind the fashion retailer’s UK arm, No Ordinary Designer Label, collapsed in March, 15 shops have closed, however all remaining store staff have been told they will lose their jobs, according to The Sun.
It is understood that despite the message to employees, the plans have not been finalised.
Ted Baker had 46 UK stores and employed about 975 people before its collapse.
Authentic Brands, the US group behind brands including David Beckham, Reebok, and Hunter, owns Ted Baker’s intellectual property and has been hunting for a new partner to run the brand’s retail and online business in the UK and Europe.
Next and Frasers had been in the running but The Sun reports that Frasers has pulled out of talks.
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