Hundreds of jobs at risk as Ted Baker calls in administrators

The move is expected to result in store closures and job losses, Sky News has reported.

Ted Baker was bought by Authentic Brands Group (ABG) for about £210million 18 months ago and was delisted from the London stock market.

While the scale of closures is currently unclear there are 86 Ted Baker stores in the UK.

Ted Baker has had a store in Oxford’s Westgate Centre since the shopping centre opened in 2017.

The fashion chain will continue to trade and customer orders will be fulfilled, the US group said.

Authentic is in “advanced discussions” with several potential buyers for the Ted Baker brand, it added.

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