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Ted Baker is to shut 15 stores and reduce round 245 jobs, directors have introduced.
The firm behind the style model’s UK outlets, No Ordinary Designer Label Limited (NODL), employed directors from Teneo final month.
On Monday, they stated 11 Ted Baker stores can be shut by the finish of subsequent week, with the loss of round 120 jobs.
Meanwhile, round 25 head workplace employees will even be made redundant in a bid to reduce central prices.
The directors additionally revealed 4 additional stores will close after landlords served discover on the websites prior to the insolvency.
These stores will shut “in the coming weeks” and lead to roughly one other 100 job losses.