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Two Ted Baker stores to close in south east London TOMORROW

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Two Ted Baker stores to close in south east London TOMORROW

The company is set to close its remaining stores in the UK and Republic of Ireland by the end of Tuesday, marking the end of its physical retail presence.

This move follows the company’s collapse into administration in March, leading to the imminent closure of stores.

The shutdown will affect 30 stores across the UK and Ireland, putting more than 500 jobs at risk.

The closures signal the end of an era for Ted Baker, which has been a staple on high streets for years.

Among the locations set to close by Tuesday, August 20, are:

  • Regent Street, London
  • Bluewater
  • Brent Cross, London
  • Dublin, Grafton Street
  • Gatwick North and South
  • Heathrow Terminals 2, 3, 4, and 5
  • York
  • Manchester Shambles
  • White City, London

Authentic Brands, the American company that owns Ted Baker’s intellectual property, attributed the closures to “significant financial difficulties” that the brand has been unable to overcome.

The company’s struggles were exacerbated by a troubled partnership with Dutch firm AARC Group, which led to substantial arrears, compounding existing challenges such as weakened consumer demand and supply chain disruptions.

The closure of these stores will impact 513 employees in the UK and 78 in Ireland, adding to the 245 jobs lost earlier this year when 15 other stores were shuttered.

Ted Baker’s UK website has also been taken offline, with customers advised that no new orders are being accepted and that they have 14 days to return any recent purchases.

Despite the outlook for Ted Baker’s physical stores, Authentic Brands had expressed intentions to find new UK and European partners to keep the brand alive through other retail channels.

Ted Baker products will continue to be available in department stores such as John Lewis and House of Fraser, though talks of a potential licensing deal with Mike Ashley’s Frasers Group have reportedly ended.

 

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