Ted Baker’s European arm is at risk of entering administration , putting 149 roles at risk of redundancy.
The businesses operating the fashion retailer’s physical retail locations in the Netherlands, Belgium and Spain are at risk, with the process depending on each country’s systems, Drapers reports.
This includes two stores and seven concessions in the Netherlands, two stores in Belgium, one store and 15 concessions in Spain.
This affects around 149 employees, who have been informed.
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On 19 March, Ted Baker’s UK operator filed a notice to appoint administrators, putting hundreds of jobs at risk. The retailer is set to close 15 of its 46 UK stores in the coming weeks, with 245 jobs lost.
The move came around 18 months after Authentic Brands Group (ABG) bought the fashion chain for £211m.
On 29 January, ABG ended its partnership with Dutch firm AARC, which managed Ted Baker’s retail outlets and e-commerce platform in the UK and Europe.
ABG is currently in the process of finding a new operating partner for the business in the UK and across Europe, with both Next and Sports Direct said to be eyeing up the embattled fashion retailer.
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