News | Latest Breaking News Stories & Headlines

Ted Baker's 31 remaining stores in the UK and Ireland will close before the end of the day on Tuesday and the website has also been pulled

Ted Baker to close remaining UK and Irish stores

Fashion chain Ted Baker will close all its stores in the UK and Ireland this week, bringing an end to its position on high streets and putting more than 500 jobs at risk.

Business • 19 Aug 24

Ted Baker to shut 15 UK stores, 250 jobs at risk

About 15 Ted Baker stores in the UK will be shut down, including shops in London Bridge and Milton Keynes, leading to nearly 250 job losses, joint administrators of the collapsed British fashion retailer said today.

Business • 08 Apr 24

Pandemic-related losses forced Ted Baker to put itself up for sale in 2022

UK's Ted Baker calls in administrator, Sky News reports

No Ordinary Designer Label, which trades under British fashion group Ted Baker's brand, has filed a notice of intention to appoint Teneo Financial Advisory as administrator in a move expected to result in store closures and job losses, Sky News reported today.

Business • 19 Mar 24

Ted Baker agreed to be bought by Juicy Couture and Forever 21 owner Authentic Brands last month

Ted Baker says recovering footfall boosts Q2 revenue

British fashion group Ted Baker said today that people were returning to its stores and buying more formalwear and childrenswear, boosting its store revenue.

Business • 02 Sep 22

Ted Baker had put itself up for sale in April and picked a preferred suitor in the following month to take the process forward.

Juicy Couture owner to buy UK's Ted Baker for £211m

Juicy Couture and Forever 21 owner Authentic Brands will buy Ted Baker in a deal worth roughly £211 million, the companies said on Tuesday, ending months of speculation on the fate of the British fashion chain.

Business • 16 Aug 22

Ted Baker had put itself up for sale in April

Ted Baker's preferred bidder backs out of deal

British fashion chain Ted Baker said today that its preferred bidder will not make a takeover offer and it would now determine whether to take the formal sale process ahead with other proposals received.

Business • 07 Jun 22

Ted Baker last week said it had picked a preferred suitor to take forward the process after a flurry of revised proposals

Ted Baker up on report Juicy Couture owner nears deal

Shares in Ted Baker rose 3.1% today following a report that Juicy Couture owner Authentic Brands is the British fashion chain's preferred bidder and that the two firms could agree on a £300m deal.

Business • 30 May 22

The fashion chain said it was cautious about soaring inflation, which is forcing consumers to cut back on spending

Ted Baker's loss narrows as pre-COVID lifestyles return

British fashion chain Ted Baker posted a smaller annual loss and pointed to robust sales in the coming months as demand for office and leisure wear rebounds following a gradual return to pre-pandemic lifestyles.

Business • 26 May 22

Ted Baker is in the middle of a turnaround plan

Ted Baker invites preferred suitor to take next step

British fashion chain Ted Baker said today it had picked a preferred suitor to take forward its sale process after a flurry of revised proposals from interested parties, while private equity firm Sycamore has dropped out.

Business • 23 May 22

Ted Baker last week launched a formal sale process after Sycamore improved its takeover proposal

Ted Baker says Sycamore to take part in sale process

Ted Baker said today that private equity firm Sycamore would be part of its sale process.

Business • 13 Apr 22

Ted Baker, which has 560 stores and concessions, is in the middle of a three-year turnaround plan

Ted Baker puts itself up for sale

Ted Baker is open to selling itself at the right price after seeing a flurry of takeover interest, the British fashion retailer said today in the wake of a robust rebound from the pandemic.

Business • 04 Apr 22

Ted Baker said it had concluded the proposals from New York-based Sycamore significantly undervalued the company

Ted Baker turns down takeover proposals from Sycamore

Ted Baker said it had rejected two unsolicited takeover proposals from private-equity firm Sycamore Partners Management as they significantly undervalued the fashion retailer.

Business • 28 Mar 22

Demand for office and party wear remained strong in the fourth quarter despite Covid restrictions

Ted Baker's fourth-quarter sales jump 35%

Upmarket fashion retailer Ted Baker has today reported higher fourth-quarter sales, as demand for clothing remained robust even in the face of pandemic-related curbs during the reporting period.

Business • 23 Feb 22

Ted Baker has announced the death of its Chairman John Barton

Ted Baker's Chairman John Barton dies

British fashion chain Ted Baker said today that its Chairman John Barton had died, and senior independent director Helena Feltham would take on the role of interim chairman with immediate effect.

Business • 06 Dec 21

Ted Baker said that demand for workwear remained strong after pandemic curbs were eased

Ted Baker sales jump as office-wear demand stays strong

British fashion chain Ted Baker said today that third-quarter sales jumped 18% as demand for workwear remained strong after pandemic curbs were eased.

Business • 11 Nov 21

Ted Baker's second-quarter sales surged 50% as the lifting of Covid-19 restrictions in the UK boosted demand for formal clothes

Ted Baker sales jump as easing curbs revive demand

Upmarket fashion retailer Ted Baker today said second-quarter sales surged 50% as the lifting of Covid-19 restrictions in the UK boosted demand for formal clothes.

Business • 07 Sep 21

Ted Baker has posted an underlying pretax loss of £59.2m for the year ended January 30, compared to a £4.8m profit the previous year

Ted Baker posts underlying loss for pandemic-hit 2020

Upmarket British retailer Ted Baker has reported an underlying loss for the pandemic-hit fiscal 2021 and warned that its first-quarter revenue for the current year fell 20% due to coronavirus restrictions during the period.

Business • 14 Jun 21

Ted Baker yesterday pushed back publication of its full year results from May 27 to June 10

UK fashion retailer Ted Baker agrees bank refinancing

Struggling British fashion retailer Ted Baker has refinanced by extending a revolving credit facility with its existing syndicate of lending banks, it said today.

Business • 25 May 21

Ted Baker said today it now assumes that its UK stores will remain closed until the end of May

Ted Baker sales plunge 47% on closures, muted Christmas

Ted Baker has reported a 47% fall in fourth-quarter revenue, as the struggling fashion retailer's stores were shut during the latest coronavirus lockdown and due to weak demand during the Christmas season.

Business • 11 Feb 21

Ted Baker's H1 loss widens as virus hits retail sales

Fashion retailer Ted Baker has today posted a bigger half-yearly loss as coronavirus-led restrictions hit store sales, despite the company's online business registering a strong performance.

Business • 07 Dec 20

Ted Baker said it plans to reduce cost and shift toward online sales as it struggles to ride out the coronavirus crisis

Struggling Ted Baker raises £105m to ride out pandemic

Ted Baker has raised £105m in new equity, the loss-making fashion retailer said today, amid plans to reduce cost and shift toward online sales as it struggles to ride out the coronavirus crisis.

Business • 18 Jun 20

Ted Baker names finance chief Osborne as CEO

Troubled fashion retailer Ted Baker has named its chief financial officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year.

Business • 30 Mar 20

Ted Baker first disclosed the overstatement in December

Ted Baker inventory overstatement more than doubles

British fashion retailer Ted Baker said today that inventory on its balance sheet was overstated by £58m, more than double its preliminary estimate.

Business • 22 Jan 20

Ted Baker's chief executive officer and chairman step down

Ted Baker CEO & chairman step down amid profit warning

Ted Baker's troubles deepened today with the sudden exit of the UK fashion retailer's chief executive and chairman as it issued another profit warning and suspended its dividend.

Business • 10 Dec 19

Ted Baker has warned of a slow start to the second-half of the year, hurt by unseasonably warm weather, heavy discounting by competitors and weak consumer demand

Ted Baker shares fall as CEO flags dire retail climate

Ted Baker today warned yet again that its full-year profit would be hurt, as warmer weather in September, sharp discounting across the industry and tepid consumer demand takes its toll on UK retailers.

Business • 03 Oct 19