British fashion chain Ted Baker is set to go into administration.
It will, however, continue to trade and fulfill customer orders, the Authentic Brands Group (ABG), its US owner, said.
ABG said ‘damage done’ during a tie-up with another firm was ‘too much to overcome’ and it is in ‘advanced ‘discussions’ with several potential buyers for the brand.British fashion chain Ted Baker is set to go into administration.
It will, however, continue to trade and fulfill customer orders, the Authentic Brands Group (ABG), its US owner, said.
ABG said ‘damage done’ during a tie-up with another firm was ‘too much to overcome’ and it is in ‘advanced ‘discussions’ with several potential buyers for the brand.
