HUNDREDS of jobs and stores are at risk after Ted Baker called in administrators.
No Ordinary Designer Label, owned by Authentic Brands Group (ABG) and trading as Ted Baker has filed a notice of intention today.
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The move is expected to result in store closures and job losses although it is not clear at this stage how many, Sky News reports.
It comes after ABG said it was exploring several cost-saving measures to shore up the company’s “soaring” costs in February.
ABG rescued the high street brand as part of a £211million deal in 2022.
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