Ted Baker’s largest lender falls out with administrators over chain’s collapse

Ted Baker’s largest creditor has fallen out with the chain’s administrators over claims of a conflict of interest. The retailer’s main lender Secure Trust Bank attempted to replace Teneo as administrators as it is owned by the same private equity firm that owns a stake in Ted Baker owner Authentic Brands, The Times reported. The bank tried to replace Teneo with fellow restructuring firm FRP Advisory.

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