Ted Baker’s remaining 31 stores in the UK are reportedly set to close this week, putting more than 500 jobs at risk. Sky News reported that talks between Ted Baker’s owner, Authentic Brands, and retail tycoon Mike Ashley’s Frasers Group have stalled, with all stores expected to have shut by the end of Tuesday.
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post and
00:06here are your headlines for this morning.
00:09Ted Baker's remaining 31 stores in the UK are reportedly set to close this week, putting
00:16more than 500 jobs at risk.
00:20Sky News has reported that talks between Ted Baker's owner, Authentic Brands, and the retail
00:26tycoon Mike Ashley's Frasers Group have stalled, with all stores expected to have shut by the
00:34end of Tuesday.
00:36The business behind the fashion brand's UK shops, No Ordinary Designer Label Ltd, fell
00:42into administration in March. It has since shut 15 shops in the UK, resulting in about
00:48245 staff being made redundant.
00:53My name's Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.