Ted Baker to Close 15 UK Stores, Affecting 245 Jobs

The closures, including four London locations, are part of a restructuring effort to save the iconic British fashion brand.

Administrators announced the closure of 15 Ted Baker stores across the UK, resulting in approximately 245 job losses.
The closures include stores in major cities such as London, Birmingham, and Manchester, with four locations in London facing shutdown.
The decision comes after the company's UK retail arm entered administration last month, following financial struggles.
Authentic Brands Group, the parent company, is in discussions with potential partners to revive Ted Baker in the UK and Europe.
The restructuring aims to improve business performance and secure a future for the remaining 31 stores and 564 staff in the UK and Ireland.