Ted Baker Faces Final Store Closures Amid Job Losses
Sunday, 18 August 2024, 16:00
Ted Baker’s Remaining Stores to Close
Ted Baker is officially set to shut down its remaining stores this week, impacting 500 jobs across the country. This decision comes just two years after the brand was acquired by Authentic Brands Group, a US-based company.
Impact on Employees
- Job Losses: Approximately 500 positions will be affected by the closures of Ted Baker's final retail outlets.
- Strategic Shift: The closures signal a shift in Ted Baker's business approach under new ownership.
- Brand Transition: The brand is expected to focus more on online retail and licensing opportunities moving forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.