Ted Baker to close 15 stores in the UK with 245 jobs lost

The administrators running stricken retailer Ted Baker have announced that 15 of its stores are to close in the coming weeks.

Teneo, who took control of Ted Baker last month, have decided to close 11 of the company’s outlets by 19 April, with the loss of around 120 jobs.

In addition, twenty five head office staff have been laid off, due to a “a necessary reduction in central costs”.

The stores to be closed as part of the administration are:

• Birmingham Bullring
• Bristol
• Bromley
• Cambridge
• Exeter
• Leeds
• Liverpool One
• London Bridge
• Milton Keynes
• Nottingham
• Oxford

Teneo say they have also learned that Ted Baker’s landlords had also served notice on four additional stores: at Bicester, Brompton Road and Floral Street in London, and at Manchester Trafford. That will lead to another 100 job cuts.