The remaining 31 Ted Baker stores in the UK and Republic of Ireland are set to close this week with more than 500 jobs at risk.

All stores are expected to have shut by Tuesday after the firm behind the shops fell into administration in March.

Prior to falling into financial trouble, Ted Baker employed nearly 1,000 people across stores, with 46 shops, an e-commerce platform and department store concessions.

The fashion brand started in Glasgow in 1988 and grew globally, before years of instability ensued in 2019 after founder Ray Kelvin resigned due to allegations of misconduct, which he denied.

No Ordinary Designer Label (NODL), the group behind the shops, currently employs 513 people across stores and head office.

Authentic Brands Group owns the intellectual property to Ted Baker, while NODL was holding company for the UK brand.

FTSE 100

The UK's flagship share index, the FTSE 100, was down 21-points at 8,290 shortly after opening this morning.

Brent crude oil futures were down 0.41%, trading at $79.35 a barrel

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