Iconic British brand Ted Baker is to shut 15 stores – including one in Nottingham.

Around 245 people are to lose their jobs, as Ted Baker announced it is to shut 15 stores across the country, administrators have announced.

On Monday, it was confirmed 11 stores will be shut by the end of next week, with the loss of around 120 jobs.

Among the stores being closed ‘within days’ include the Ted Baker store on Bridlesmith Gate in Nottingham.

Around 25 head office workers will also be made redundant in a bid to cut central costs.

The company behind the fashion brand’s UK shops, No Ordinary Designer Label Limited (NODL), hired administrators from Teneo last month.

Administrators also revealed four further stores will close after landlords served notice on the sites prior to the insolvency.

These stores will shut “in the coming weeks” and result in approximately another 100 job losses.

Benji Dymant, joint administrator said: “Ted Baker is an iconic British brand with strong partners around the world.

“These store closures, whilst with a regrettable impact on valued team members, will improve the performance of the business, as Authentic continues to progress discussions with potential UK and European operating partners for the Ted Baker brand to bring the business back to health.

‘We would like to thank Ted Baker team members and partners for their ongoing efforts and support at this difficult time.”