Ted Baker Canada has started closing sales at its Ted Baker, Brooks Brothers, and Lucky Brand stores. Matthew Butler, a spokesperson for Ted Baker Canada, confirmed that this move affects all Canadian and U.S. locations of the three brands. Court records indicate 25 stores in Canada and 34 in the U.S. are involved. Last week, Ted Baker Canada announced markdowns of up to 30% on apparel and accessories, with all sales final and online shopping suspended. The company recently sought court protection from creditors to determine whether to liquidate its retailers or explore other options.
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