According to reports, the remaining 31 Ted Baker stores operated under licence by No Ordinary Designer Label Ltd (NODL) will close tomorrow. This follows a stalling of talks between Authentic Brands Group, which owns the Ted Baker brand IP, and Frasers Group, which had apparently seemed certain to become the new operating partner for the once-coveted fashion brand.
Some 500 jobs are understood to be in jeopardy as Teneo, administrators of previous operating partner NODL, prepares to shutter the stores in the UK and Ireland.
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