ABG’s Ted Baker seeks job cuts
In a tough retail landscape, news of redundancies are expected grow following the key Christmas trading and clearance sale periods.
Ted Baker
The news, which was first reported by Drapers, sees it joining online homewares retailer Not on the High Street and discount retailer Wilko in announcing potential job losses in the last few days, with rumours that Boohoo
A spokesperson for Ted Baker said the redundancy consultation is part of a strategic review being carried out at the retailer’s HQ, driven by the economic climate in the UK. No store staff are affected by the move.
Ted Baker, which has been acquired by American fashion group Authentic Brands Group
“We’re sad to have to take this action and will be supporting our team members throughout the process. We remain confident in our long-term prospects under new ownership and that we are well-positioned to continue providing our customers with a great product and great service.”
ABG, which owns brands such as ReebokJuicy Couture
