Ted Baker to cut 500 jobs as pandemic losses add to financial woe

Fashion retailer hit by revenue drop of 36% on top of £79.9m loss last yearCoronavirus – latest updatesSee all our coronavirus coverageThe fashion retailer Ted Baker is to axe at least 500 jobs – more than a quarter of its UK workforce – as the pandemic continues to batter the high street.It is understood that about 200 of the roles will go at the retailer’s London headquarters, the Ugly Brown Building, with the remainder from its shops – it has 46 in the UK and Europe – and store concessions. Continue reading... https://www.theguardian.com/business/2020/jul/19/ted-baker-to-cut-500-jobs-as-pandemic-losses-add-to-financial-woe #ted_baker #retail_industry #fashion_industry #fashion #coronavirus_outbreak #uk_news #business