Ted Baker will continue to trade and customer orders will be fulfilled, the US group said.
Authentic is in “advanced discussions” with several potential buyers for the Ted Baker brand, it added.
Authentic is in “advanced discussions” with several potential buyers for the Ted Baker brand, it added.
Authentic did not give any indication of job loss numbers in a statement.
Authentic Brands Group chief strategy and transition officer John McNamara said: “We wish that there could have been a better outcome for the Ted Baker employees and stakeholders.”
He added that it is “hopefully some consolation for customers” that Ted Baker “will continue to trade online and in stores.”
He said Ted Baker’s holding company, which is called No Ordinary Designer Label, had “built up a significant level of arrears” during a tie-up with Dutch firm AARC and the damage done “was too much to overcome”.
The partnership with AARC, which ran Ted Baker’s shops and online business in Europe, ended in January.
Authentic is in “advanced discussions” with several potential buyers for the Ted Baker brand, it added.
Ted Baker will continue to trade and customer orders will be fulfilled, the US group said.
Authentic did not give any indication of job loss numbers in a statement.
Authentic is in “advanced discussions” with several potential buyers for the Ted Baker brand, it added.
Authentic is in “advanced discussions” with several potential buyers for the Ted Baker brand, it added.
Authentic did not give any indication of job loss numbers in a statement.
Authentic Brands Group chief strategy and transition officer John McNamara said: “We wish that there could have been a better outcome for the Ted Baker employees and stakeholders.”
He added that it is “hopefully some consolation for customers” that Ted Baker “will continue to trade online and in stores.”
He said Ted Baker’s holding company, which is called No Ordinary Designer Label, had “built up a significant level of arrears” during a tie-up with Dutch firm AARC and the damage done “was too much to overcome”.
The partnership with AARC, which ran Ted Baker’s shops and online business in Europe, ended in January.
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