The company behind fashion retailer Ted Baker, which employs nearly a thousand people, has fallen into administration and appointed Teneo, the administrators have confirmed. Teneo, which has been appointed as administrator of No Ordinary Designer Label Limited (NODL), said that the company runs 46 Ted Baker stores in the UK, a website and concessions. Authentic Brands, which licences the Ted Baker brand to the NODL is “in advanced discussions” with potential buyers for the company.
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NewsTranscript
00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:07 Here are your business headlines for this morning.
00:10 The company behind the fashion retailer Ted Baker, which employs nearly a thousand people,
00:15 has fallen into administration.
00:18 10AO, which has been appointed as administrator of the No Ordinary Designer Label Ltd, said
00:25 that the company runs 46 Ted Baker stores in the UK, a website and concessions.
00:31 It employs around 975 people.
00:35 Authentic Brands, which licenses the Ted Baker brand to the No Ordinary Designer Label Ltd,
00:41 is in advanced discussions with potential buyers for the company.
00:46 So a big update this morning, the company behind the fashion retailer Ted Baker, which
00:50 employs nearly a thousand people, has fallen into administration.
00:54 My name's Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.