British designer Ted Baker will shutter all 31 of its US stores after filing for bankruptcy last month.
Customers can now snap up its clearance sales with up to 30 percent discounts at all of its locations in North America and Canada.
Ted Baker filed for Chapter 15 bankruptcy in a New York court last month, following similar proceedings in Canada and the UK.
The decision came after Authentic Brand Group – which acquired Ted Baker in 2022 – stopped paying its suppliers, reports in the Wall Street Journal suggested.
Approximately 600 employees in North America will be affected by the closures.
British designer Ted Baker will shutter all 31 of its US stores after filing for bankruptcy last month
Ted Baker – which first opened in Glasgow in 1988 – has picked up impressive celebrity endorsements over the years including Emma Stone and Amal Clooney. Pictured: Clooney in a Ted Baker dress in 2017
It comes amidst a widespread ‘retail apocalypse’ which is forcing more and more bricks-and-mortar stores to shutter.
John McNamara, chief strategy and transition officer for Authentic Brands Group, previously told Fashion Network: ‘We wish that there could’ve been a better outcome for the Ted Baker employees and stakeholders.’
There are 31 Ted Baker stores in the US with three in New York and one in San Francisco’s troubled Westfield Mall.
There are a further nine stores in Canada.
Ted Baker – which first opened in Glasgow in 1988 – has picked up impressive celebrity endorsements over the years including Emma Stone and Amal Clooney.
It was founded by Ray Kelvin who famously quit in 2019 amidst allegations he forced female employees to embrace him and asked them to sit on his lap.
Mr Kelvin, who denied allegations of misconduct, was also accused of massaging employees and kissing their ears.
At that point, he had been with the company since founding it 32 years earlier.
Mr Kelvin, started working in his uncle’s Enfield menswear shop aged 11 and founded the Ted Baker brand in 1988, when he opened a shop specializing in men’s shirts in Glasgow turning it into one of Britain’s top brands.
Ted Baker filed for Chapter 15 bankruptcy in a New York court last month, following similar proceedings in Canada and the UK
Authentic Brands, the US-based company behind Juicy Couture and Reebok, is still the owner of Ted Baker’s intellectual property.
After announcing its bankruptcy last month, joint administrator Benji Dymant said: ‘Ted Baker is an iconic British brand with strong partners around the world.
”These store closures, whilst with a regrettable impact on valued team members, will improve the performance of the business, as Authentic continues to progress discussions with potential UK and European operating partners for the Ted Baker brand to bring the business back to health.
‘We would like to thank Ted Baker team members and partners for their ongoing efforts and support at this difficult time.’
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