Ted Baker struggle in Europe- administration and job risks
The British fashion landscape is facing a significant shift as Ted Baker, a renowned high-street brand, teeters on the brink of administration. This development comes after its US owner, Authentic Brands Group, acquired the company in 2022 for £211 million. The impending administration threatens the livelihoods of hundreds of employees and raises questions about the future of retail fashion in the UK and Europe. Authentic Brands Group’s decision to place Ted Baker into administration is a stark reminder of the fragile state of the fashion retail sector. The move affects approximately 149 employees who have been informed of the potential…
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