The high street brand Ted Baker is made up of more than one retailer, despite many people knowing it as a fashion outlet.
According to Sky News, the No Ordinary Designer Label, which trades under the Ted Baker brand, is now at risk of being closed.
It is understood that the brand filed a notice of intention to appoint Teneo Financial Advisory as administrators earlier today.
The move is expected to result in widespread store closures and job losses, though these are yet to be confirmed.
This is a breaking story, more to follow…
