The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Goods In Specialised Stores 47.71 - Retail Sale Of Clothing In Specialised Stores
591 jobs Number of planned job losses
Announcement Date
18 August 2024
Employment effect (start)
18 August 2024
Foreseen end date
Description
UK-based fashion chain Ted Baker has announced that it will cut 591 jobs worldwide.
The company is to close all of its 31 remaining stores across the UK and Republic of Ireland. The layoffs will affect 513 jobs in the UK and 78 in Ireland. Additionally, Ted Baker’s website has been deactivated.
In March 2024, No Ordinary Designer Label, the company behind Ted Baker's UK stores, filed for bankruptcy. In April 2024, the company closed 15 stores and cut 245 jobs.
Ted Baker was founded in 1988. The company continues to have more than 30 licensing partners globally, including in North America, Asia and the Middle East, which remain unaffected.
Eurofound (2024), Ted Baker, Closure in World, factsheet number 201494, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201494.
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