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.
It is understood that Secure Trust was concerned that Teneo might have an incentive to act within the interests of its owner CVC, rather than creditors.Sub