Ted Baker shuts down US stores and website
The news comes after the US group acquired Ted Baker in 2022 in a £210m deal
Ted Baker has reportedly shut down its North American-based stores and website after falling into administration.
It is believed that 31 of its US stores and nine of its Canada-based stores are set to close, and both areas can no longer shop on the brand’s website.
On 19 March, restructuring firm Teneo was appointed administrator of the fashion group by its owner, Authentic Brands Group.
The news comes after the US group acquired Ted Baker in 2022 in a £210m deal.
Following its acquisition, Ted Baker entered a brand licensing partnership with Dutch group AARC, which owned and operated Ted Baker’s retail stores and ecommerce platform in the UK and Europe, but this was abandoned in January 2024 due to a dispute.
Ted Baker has already announced that 15 of its 46 UK stores have closed, affecting 245 jobs.
Authentic Brands Group has been contacted for comment.
