News Formal

Ted Baker’s European Retail, E-commerce Division Headed for Administration After Partnership Sours

  • 📰 wwd
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 68%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Ted Baker's European retail, ecommerce division is headed for administration, while the North American branch of the company is operating as normal.

’s U.K. and European retail and e-commerce business into administration six weeks after a relationship with a local partner turned sour.

The brand management giant removed AARC as a shareholder in the Ted Baker business and brought in a new, independent board to manage operations in AARC’s place. Authentic Brands Group He added that Authentic had hoped for a better outcome for the Ted Baker employees and stakeholders, and confirmed that Ted Baker will continue to operate online and in stores. According to British media reports, hundreds of jobs are at risk.

It is understood that Authentic remains in “advanced discussions” with several potential operating partners to the Ted Baker brand.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 24. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Traditionalist Bakers in Lyon Find Success by Competing with Modernist RivalsOne would think that if you run a traditional consumer business that can’t compete on costs with more efficient competitors, you would want to avoid them like the plague.
Source: HarvardBiz - 🏆 310. / 63 Read more »