It is rumoured that Frasers Group is the most likely buyer of Ted Baker’s UK business’s brand and IP assets.
This will leave the one hundred or so remaining Ted Baker employees unlikely to be taken on by Frasers Group facing the threat of redundancy. Administrator Teneo has purported to intend to trade the business until August. Meanwhile, Ted Baker’s primary lender, Secure Trust Bank, is said to be challenging the appointment of Teneo as administrator, citing a conflict of interest.
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