Ted Baker calls in administrators putting 86 stores at risk of closure

Hundreds of jobs at high street store Ted Baker are at risk as it plans to appoint administrators.

No Ordinary Designer Label, owned by Authentic Brands Group (ABG), filed a notice of intention to appoint administrators today.

While the scale of closures is currently unclear, there are 86 Ted Baker stores across the UK.

Ted Baker was bought by ABG for about £ 210 million 18 months ago and was delisted from the London stock market.

Stores will continue trading while the insolvency period takes place, according to ABG.