Ted baker to 'file for administration' putting 86 stores at risk

The announcement puts 86 stores at risk of closure Hundreds of jobs at high street store Ted Baker are at risk as it plans to appoint administrators. No Ordinary Designer Label, which trades under the Ted Baker brand, filed a notice of intention to appoint administrators on Tuesday. While the scale of closures is currently unclear, there are 86 Ted Baker stores across the UK. Stores will continue trading while the insolvency period takes place.

Ted Baker was bought by ABG for about £210million 18 months ago and was delisted from the London stock market. This is a developing news story, more to follow soon… Check back shortly for further updates. Got a story? Get in touch with our news team by emailing us at webnews@metro.co.uk. Or you can submit your videos and pictures here. For more stories like this, check our news page. Follow Metro.co.uk on Twitter and Facebook for the latest news updates. You can now also get Metro.co.

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