This week, Ted Baker’s 31 remaining stores in the UK will reportedly close with more than 500 jobs at risk.

It’s expected that all Ted Baker stores will be shut by the end of Tuesday, August 20.

This comes as No Ordinary Designer Label (NODL), the firm behind the company’s UK shops, went into administration in March 2024.

Then in April, 15 shops were closed by its administrators, leading to the loss of 245 jobs, reports the BBC.

Ted Baker's remaining UK shops 'to close' this week

Before it went into administration, Ted Baker ran 46 shops and had around 975 employees as well as an e-commerce platform and department store concessions.

Authentic Brands Group, the US-based firm behind Juicy Couture and Reebok, is the owner of Ted Baker’s intellectual property.

NODL partly blamed the process on “damage” done during a partnership with Dutch company AARC Group and the “significant level of arrears” that had built up during the association.

Sky News reports that NODL "collapsed in the spring" and will be overseeing the closure of Ted Baker's remaining 31 stores.

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The news outlet said it "understands that talks between Mr Ashley's (Mike Ashley) Frasers Group and Authentic, Ted Baker's owner, have stalled three months after it appeared that an agreement was imminent."

It said it has been reported that Frasers Group and Authentic were discussing a deal involving both Ted Baker and Reebok.

However, sources close to Authentic have denied that these ongoing talks are happening, it said.

The collapse of the UK stores could mark the end of its position on high streets, after being founded in 1988 by Ray Kelvin and becoming recognised for its patterned and floral clothing.

However, the brand is currently still sold through some department stores and retailers.

Sky News explained that Authentic and Frasers had declined to comment.