Ted Baker is closing its last 31 UK stores due to financial struggles, putting around 500 jobs at risk as uncertainty surrounds a stalled rescue deal with Frasers Group.
The closures follow the collapse of Ted Baker's UK holding company in March and mark the end of the brand's physical presence on British high streets.
The potential rescue deal with Mike Ashley's Frasers Group had raised hopes for Ted Baker, but negotiations have stalled, leaving the brand's future in question.
Ted Baker’s troubles escalated after the departure of founder Ray Kelvin in 2019, which was followed by profit warnings, executive upheaval, and the economic impact of the pandemic.
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