Ted Baker to cut 160 roles after `very challenging year`
(The Guardian Business News)

Move forms part of restructuring to secure long-term success of fashion retailerTed Baker is to axe 160 roles as the fashion retailer grapples with declining sales, profits and a £58m accounting error.It announced the cuts - 102 staff redundancies and a decision not to replace 58 vacant roles - in the first stage of a restructuring designed to put the business back on track. Continue reading...