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Ted Baker closes stores in Europe and North America

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Ted Baker seems to be preparing for a future without its own stores. All North American stores will close, as will the website. Several European locations are following this example.

Continue without retail

After the bankruptcy filing of the British branch of Ted Baker in March, the clothing brand is downsizing worldwide. The company is in receivership and has already closed eleven stores in Great Britain. A few weeks ago it emerged that the label would also close its own Belgian, Dutch and Spanish stores and put its European retail divisions under receivership.

The Antwerp Business Court has now appointed lawyer Guy Vanhoucke as curator in the bankruptcy case. The companies include the store in Huidevettersstraat in Antwerp and the outlet shop in Maasmechelen Village. At the same time, the 31 US stores and nine locations in Canada will close, while the website in both regions will also be taken offline. Trustee Teneo calls it necessary cost savings, but still believes in a future for the brand.

Owner Authentic Brands Group is in discussions with potential British and European operating partners and says it is close to a deal. The shop-in-shops, wholesale and e-commerce would thus make a new start, but perhaps without their own stores.

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Ted Baker appears to be preparing for a future without its own stores. All North American stores will close, as will the website. Several European locations are following this example.

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