Ted Baker’s remaining stores to close this week, putting 500 jobs at risk

Ted Baker has been struggling for years amid heavy high street competition, the move to online sales, the fallout from the exit of its founder, Ray Kelvin, and an unsuccessful cut-price buyout. Photograph: Peter Nicholls/Reuters

Fashion brand Ted Baker’s remaining 31 stores in the UK are to close this week, putting more than 500 jobs at risk.

Started as a men’s clothing label in Glasgow in 1988 by entrepreneur Ray Kelvin and becoming known for its quirky advertising and floral prints, Ted Baker’s UK arm entered administration in March after racking up losses.