TED Baker US and Canadian chiefs have filed for bankruptcy sparking uncertainty for the future of dozens of stores.
It comes just weeks after the beleaguered retailer in the UK plunged into administration.
Execs filed for bankruptcy in Toronto earlier this week, per Bloomberg.
Then a motion was filed in New York.
The future of 59 stores across Canada and the US is uncertain, potentially impacting more than 600 workers, per The Wall Street Journal.
Partners of Authentic Brands Group reportedly stopped paying Ted Baker’s suppliers, according to court documents seen by The Wall Street Journal.
This sparked delivery delays and also led to customers’ orders getting canceled.
The company experienced a dip in sales, but chiefs have pinned other factors on the downturn.
Authentic Brands Group bought Ted …