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Ted Baker has not updated their company timeline since 2018. [5] In April 2024, Ted Baker's administrators, Teneo, announced the closure of 15 Ted Baker shops across the UK, with 245 redundancies, leaving Ted Baker with 31 stores and 564 staff in UK and Ireland, as Teneo attempt to find a buyer to rescue the remains of the business. [9]
On 24 April 2024, Ted Baker Canada, the operator of Brooks Brothers stores in Canada, filed for creditor protection in Canada and Chapter 15 bankruptcy in the U.S. The company blamed the operation suppliers of Authentic Brands Group for failing to pay. As a result, it was announced that all Brooks Brothers stores in Canada would close. [41]
Brown Thomas & Company Limited is a chain of five upmarket department stores in Ireland, with two located in Dublin, and one each in Cork, Galway, and Limerick.Together with Dublin's Arnotts department store, it is owned by UK-based Selfridges, which in turn is owned by Thai Conglomerate Central Group and Saudi Arabia's Public Investment Fund (PIF).
Swedish jeans: Started by Örjan Andersson and Adam Friberg as a secondhand jeans shop in Stockholm, before starting selling their own clothing in 2004. In 2008 H & M bought the parent company Fabric Scandinavien AB, and the first UK shop opened in Carnaby Street, London in 2012. [17] Chester Barrie
Raymond Stuart Kelvin CBE (born on 11 December 1955 [1] in north London) [2] is the founder and former chief executive of the retail clothing company Ted Baker. [3] [4] He started working in his uncle's menswear shop in Enfield at the age of eleven [5] and founded the Ted Baker brand in 1988 when he opened a shop specialising in men's shirts in Glasgow.
In January 2024, with sales having fallen 23.5% in the previous year to £219.8 million (€260 million), the company was reported to be considering insolvency. [7] In 2023, the company was valued at £40m, down from a peak of £1.7 billion in 2018. [4]