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Vogue chain Ted Baker will shut all its shops within the UK this week, bringing an finish to its place on excessive streets and placing greater than 500 jobs in danger.
Its 31 remaining shops within the UK and Eire will shut earlier than the top of the day on Tuesday and the web site has additionally been pulled.
Ted Baker was based by Ray Kelvin, who opened his first store in Glasgow in 1988, and the model’s clothes and niknaks are extensively recognised for his or her patterns and florals.
Its future was put in danger when the agency behind its UK retailers, No Atypical Designer Label Restricted (NODL), collapsed into administration in March.
A distinct American firm, Genuine Manufacturers, which owns Ted Baker’s mental property, mentioned that regardless of “tireless efforts” it couldn’t “overcome” the monetary points the enterprise confronted.
Genuine blamed the method on “injury” executed throughout a partnership with Dutch firm AARC Group, and the “vital stage of arrears” that had constructed up throughout the affiliation.
Ted Baker had additionally flagged financial challenges lately, having confronted weaker shopper demand and difficulties in its provide chain, after being among the many luxurious retailers to take a success throughout the Covid pandemic.
All remaining Ted Baker retailers within the UK and Republic of Eire are anticipated to have been shut down by the top of the day on Tuesday, after the corporate behind the style chain collapsed into administration in March.
Greater than 500 jobs are in danger on account of the closures which can see its shops disappear from excessive streets.
Listed below are the areas of shops that can be shut by Tuesday August 20:
– Ashford
– Tub
– Belfast
– Bluewater
– Braintree
– Brent Cross (London)
– Bridgend
– Cannock
– Cheshire Oaks
– Dublin, Grafton Avenue
– Gatwick North
– Gatwick South
– Glasgow Buchanan Avenue
– Gloucester Quays
– Heathrow T2
– Heathrow T3
– Heathrow T4
– Heathrow T5
– Kildare
– Livingston
– Luton
– Manchester Shambles
– O2 Outlet
– Portsmouth
– Regent Avenue (London)
– Sheffield
– St Pancras (London)
– Stansted
– Swindon
– White Metropolis (London)
– York
