By Lars Mucklejohn The US owner of fashion chain Ted Baker is reportedly considering a major cost-cutting plan that could see a wave of store closures and put jobs at risk. Fashion group Authentic Brands is close to hiring restructuring experts for the company as part of efforts to mitigate soaring rental prices across its UK locations, The Sunday Telegraph reported. Consultants at Teneo are reportedly the top candidates to lead the advisory work. Authentic revealed last week that it had cut ties with Dutch firm AARC, which it appointed to manage Ted Baker’s UK and European stores, after it “f…