Ted Baker to axe 100 head office roles in bid to cut costs

Ted Baker HQ, The Ugly Brown Building

The fashion retailer’s head office restructure, which has been launched in a bid to “simplify and de-layer the group’s organizational structure”, will result in 102 roles being made redundant and a further 58 vacancies being removed from the business.

The move, which has been made following a cost base review conducted by Alix Partners, is expected to save the retailer £5m in its current financial year and £7m on an annualized basis.

One-off costs of £2.7m will be incurred as a result of the restructure.

 

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