FANS are racing to snap up huge deals at a high street fashion store while stocks last. Ted Baker has launched a massive clearance sales as 15 stores have pulled down the shutters after falling into administration. One bargain hunter has spotted the big discounts at the Regent street branch in London.
The shopper posted the gem find on a Facebook group with a caption: "For those who like Ted Baker, in London - Regent Street there is a 40-50-60% off discount." The retailer giant had "At least 40% off everything" posters plastered all over its window displays. Pictures showed the store packed with shoppers searching through the racks of clothing.
One user pointed out that similar discounts could be found in other branches as well. It comes as Ted Baker fell into administration earlier this year with 15 stores set to close as a result. The fashion giant with 86 branches across the UK filed a notice of intention back in March.
John McNamara, chief strategy and transition officer for Authentic Brands Group, said: "We wish that there could have been a better outcome for the Ted Baker employees and stakeholders. "It is hopefully some consolation for customers that NODL will continue to trade online and in stores. "We remain focused on securing a new partner to uphold and grow the Ted Baker brand in the UK and Europe where it began.
" It is reported that 11 locations have already closed down for good by April 19. In total, 220 workers are set to lose their jobs should all the stores c.