Ted Baker to Close 40 Stores in the U.S. and Canada

by Katie Lee

Boston — Gordon Brothers has begun store closing sales at select Ted Baker locations throughout the U.S. and Canada, including outlets. Store closing sales are also underway at eight Brooks Brothers and seven Lucky Brand retail locations in Canada. Ted Baker, a retailer of men’s and women’s high-end designer clothing and accessories, is closing 31 retail stores in the U.S. and nine stores in Canada.

Ted Baker Canada, which conducts business operations for Ted Baker in Canada, Ted Baker Limited in the United States, Brooks Brothers in Canada and Lucky Brand in Canada, announced on May 10 that the company is commencing store closure sales at select retail locations in North America.

Since 1903, Gordon Brothers has helped lenders, management teams, advisors and investors move forward through change. Gordon Brothers partners with companies in the retail, commercial and industrial sectors to provide maximum liquidity, put assets to their highest and best use and mitigate liabilities. The firm is headquartered in Boston, with over 30 offices across five continents. For more information, visit www.gordonbrothers.com.

SOURCE: Gordon Brothers

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