Ted Baker: Hundreds of jobs at risk after US owner appoints administrators for fashion retailer

Ted Baker is set to enter administration, putting hundreds of jobs at risk. The US owner of the popular fashion retailer said it plans to appoint administrators, citing "damage done" to the company during the time Dutch company AARC had been running its Ted Baker stores and e-commerce business in Europe – a tie-up that ended in January.

Authentic Brands said Ted Baker stores and the retailer’s website would continue to trade. John McNamara, chief strategy and transition officer for Authentic Brands Group, said: “We wish that there could have been a better outcome for the Ted Baker employees and stakeholders. We remain focused on securing a new partner to uphold and grow the Ted Baker brand in the UK and Europe where it began.”