Ted Baker Plc
Apparel and textile industry company news
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Ted Baker sales tumble 47% in Q4
UK high street fashion chain Ted Baker saw group revenue tumble by 47% in the final quarter with sales hurt by store closures as a result of the Covid-19 pandemic which also dampened demand for outerwear and occasionwear.
Ted Baker losses widen as H1 sales slump
UK high street fashion chain Ted Baker saw its losses widen in the first half of the year and sales slump as the Covid-19 pandemic restrictions took their toll.
New Ted Baker licensing deals with Next and Baird Group
UK high street fashion chain Ted Baker has agreed new licensing deals with Next Plc and Ben Sherman's licensee Baird Group, in a move it says will enhance supply chain efficiency.
Ted Baker to cut more than 500 jobs?
UK high street fashion chain Ted Baker is understood to be cutting more than a quarter of its workforce as the retailer battles weak consumer spending and a channel shift to online.
British brands bolster CanopyStyle initiative
British clothing brands Ted Baker and Asda's George label are among the latest 45 companies that have pledged to stop sourcing the raw material for their viscose and rayon textiles from ancient and endangered forests.
Ted Baker raises GBP105m to invest in business
Struggling UK fashion retailer Ted Baker has raised GBP105m (US$131.2m) in capital to reduce its debt and invest in new efforts to try to turn the business around after posting a near GBP80m annual loss earlier this month.
Ted Baker seeks GBP95m lifeline as troubles worsen
Fashion retailer Ted Baker plans to raise GBP95m (US$117.7m) to reduce its debt and invest in new efforts to try to turn the business around after posting a near GBP80m annual loss.
Global retail closures as coronavirus spreads – Update
A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.
Ted Baker names Osborne permanent CEO
Ted Baker has named Rachel Osborne as its permanent CEO.
Ted Baker inventory overstated by GBP58m
An auditor's review has found that Ted Baker has overstated the value of its inventory by GBP58m - more than double what the UK fashion and lifestyle brand had first estimated based on preliminary analysis.
Ted Baker under review by lenders
A group of lenders for troubled UK fashion retailer Ted Baker are understood to have hired advisers to carry out an independent review of the business.
Ted Baker director Ron Stewart latest to quit
Ted Baker has announced the departure of long-time non-executive director, Ron Stewart, just a week after the UK fashion retailer saw its CEO and chairman step down.
Ted Baker bosses quit amid further profit warning
The chief executive officer of Ted Baker has quit amid yet another profit warning from the UK-based fashion retailer.
Ted Baker warns of GBP25m inventory overstatement
UK fashion and lifestyle brand Ted Baker is to launch an independent review after identifying the value of stock held on its balance sheet has been overstated.
Ted Baker appoints Ari Hoffman as US boss
UK fashion and lifestyle brand Ted Baker has appointed former Bennetton executive, Ari Hoffman, to the newly created role of CEO of its North America business.
Ted Baker shares tumble on H1 loss
Ted Baker says its financial results for the first half of the year were behind its expectations as the UK fashion and lifestyle brand reported a pre-tax loss for the period which sent shares tumbling by more than 35%.
Debenhams finance chief takes up Ted Baker role
UK fashion and lifestyle brand Ted Baker has named former Debenhams finance boss Rachel Osborne as its new CFO.
Ted Baker eyes Japan expansion with new licence deal
Ted Baker has inked an agreement with Sojitz Infinity as its Japanese retail licence partner to accelerate the long-term growth of the UK fashion and lifestyle brand in the country.
Ted Baker switches to Next for childrenswear
UK fashion and lifestyle brand Ted Baker has inked a new childrenswear licence agreement with Next Plc, replacing a deal with Debenhams due to end in February.
Ex-Ted Baker chief set to back business buyout?
Ray Kelvin, the disgraced founder of fashion retailer Ted Baker, is reportedly planning to back a private equity buyout of the company – just a few months after standing down following allegations of sexual harassment.
Ted Baker issues another profit warning
Shares in Ted Baker tumbled by more than 26% this morning (11 June) as the UK fashion and lifestyle brand warned "extremely difficult trading conditions" look likely to impact performance through the rest of the financial year.
Ted Baker and Farfetch to pilot circular fashion models
A range of new circular economy business models including clothing hire, product resale, repair and rental services is to be piloted as part of a project between the London Waste and Recycling Board, circular economy business consultants QSA Partners and several fashion retailers.
Ted Baker names Page CEO as Kelvin inquiry ends
UK lifestyle brand Ted Baker has named Lindsay Page as CEO following the conclusion of an investigation into allegations of inappropriate behaviour levelled at founder Ray Kelvin.
Ted Baker eyes China expansion with new joint venture
UK lifestyle brand Ted Baker has inked a new joint venture (JV) deal with Shanghai LongShang Trading Company Ltd (LS) to expand its presence in Mainland China, Hong Kong and Macau.
Ted Baker shares tumble on FY profit warning
Shares in Ted Baker tumbled by more than 11% this morning (27 February) as the UK lifestyle brand warned it expects full-year profits to be lower than expected.
Ted Baker bounces back with festive sales growth
Harassment allegations levelled against Ted Baker chief executive Ray Kelvin failed to diminish desire for the UK lifestyle brand over the Christmas trading period, with the company bouncing back from a disappointing third-quarter.
Ted Baker CEO steps aside amid "serious allegations"
UK lifestyle brand Ted Baker has announced its chief executive, Ray Kelvin, is to take a voluntary leave of absence after the company's board learned of "further serious allegations" regarding his conduct.
Q3 sales slip adds to Ted Baker's woes
A drop in third-quarter sales is likely to Ted Baker's woes as the UK lifestyle brand today (6 December) announced the appointment of an independent law firm to conduct an external investigation into the allegations levelled at chief executive Ray Kelvin.
Sales growth slows at Ted Baker in H1
Shares in Ted Baker tumbled by 14% in early trading as the UK lifestyle brand said it continued to experience retail sales growth in the first half, albeit at a slower rate than previously.
Ted Baker to bring footwear back in-house
UK lifestyle brand Ted Baker has entered into an agreement with Pentland Group to buy back its footwear licence after 17 years, as part of its bid to drive further growth in its footwear business.
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