The remaining 31 Ted Baker stores in the UK are set to close this week, putting more than 500 jobs at risk.

All of the fashion brand’s stores are expected to be closed until the end of Tuesday.

The company behind Ted Baker’s UK stores, No Ordinary Designer Label (NODL), filed for bankruptcy in March this year.

In April, the insolvency administrators closed 15 stores and cut 245 jobs.

Before Ted Baker filed for bankruptcy, the company employed around 975 people in the UK and operated 46 stores as well as an e-commerce platform and department store concessions.

NODL currently employs 513 people across Ted Baker’s UK stores and headquarters.

US company Authentic Brands Group owns Ted Baker’s intellectual property, while NODL was the holding company for the brand in the UK.

When NODL filed for bankruptcy in March, Authentic said the “damage” caused by the merger with another company was “too great to bear.”

In April, the insolvency administrators said Authentic was continuing “discussions with potential UK and European partners for the Ted Baker brand”.

But Sky News, which was the first to report on the recent store closuressaid on Sunday that talks about a possible future licensing partnership had stalled.

Ted Baker began as a menswear brand in Glasgow in 1988 and has since grown with stores across the UK and the US, as well as licensing agreements for stores in cities across Asia and the Middle East.

In recent years, however, the company has suffered from instability, starting in 2019 when founder Ray Kelvin resigned after Allegations of misconductwhich he denied.

His successor Lindsay Page and CEO David Bernstein resigned the following year after a profit warning.