Ted Baker to Enter Administration, Endangering Nearly 1,000 Jobs

The British fashion brand faces insolvency amid financial struggles and a failed partnership, with its future uncertain.

Ted Baker's US owner, Authentic Brands Group, announces the brand will enter administration due to significant financial arrears.
Nearly 1,000 jobs at risk as the British fashion retailer struggles with competition, pandemic fallout, and past misconduct allegations.
Authentic Brands Group blames damage during its partnership with Dutch firm AARC for the brand's financial woes.
Despite the impending administration, Ted Baker stores and website will continue to operate as the company seeks new partners.
The brand's difficulties underscore the challenges facing the UK retail sector, with several other brands also entering administration.