00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:07 Here are your business headlines for this morning.
00:10 The company behind the fashion retailer Ted Baker, which employs nearly a thousand people,
00:15 has fallen into administration.
00:18 10AO, which has been appointed as administrator of the No Ordinary Designer Label Ltd, said
00:25 that the company runs 46 Ted Baker stores in the UK, a website and concessions.
00:31 It employs around 975 people.
00:35 Authentic Brands, which licenses the Ted Baker brand to the No Ordinary Designer Label Ltd,
00:41 is in advanced discussions with potential buyers for the company.
00:46 So a big update this morning, the company behind the fashion retailer Ted Baker, which
00:50 employs nearly a thousand people, has fallen into administration.
00:54 My name's Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
Comments