Ted Baker
| Use attributes for filter ! | |
| Web site | www.tedbaker.com |
|---|---|
| Stock price | TED |
| Disclaimer | |
| Ceo | Rachel Osborne |
| Founders | Ray Kelvin |
| Headquarters | London |
| United Kingdom | |
| Subsidiaries | No Ordinary Designer Label Limited |
| Owners | Authentic Brands Group |
| Parent organizations | Authentic Brands Group |
| Founded | Glasgow |
| United Kingdom | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 406008 |
About Ted Baker
Ted Baker is a British high-street clothing retail company known for suits, shirts, and dresses. It was founded in 1988 in Glasgow, Scotland. The company is owned by Authentic Brands Group, after its £211 million acquisition in October 2022. The brand has over 500 shops and concessions around the world.
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... UK firms have already seen big takeover bids from investors, such as fashion chain Ted Baker, which recently agreed to be snapped up by the US company behind the likes of Forever 21 and Juicy Couture for £211m...
Mothers who helped uncover the biggest NHS maternity scandal
... Chief Inspector of Hospitals at the CQC, Professor Ted Baker, robustly defended his organisation s handling of the trust...
Ted Baker bosses resign as firm issues profit warning
...Ted Baker boss Lindsay Page, who was only appointed in April, has resigned in the latest blow for the troubled fashion retailer...
Ted Baker probes £25m stock inventory blunder
...Fashion retailer Ted Baker has said it may have overstated the value of its stock by between £20m and £25m...
Sexual harassment: 'I was terrified to report it'
... Still, the power of an anonymous collective voice was demonstrated last year when, complaining about the alleged harassment and forced hugs from Ray Kelvin, founder of British fashion company Ted Baker, attracted more than 2,500 signatures...
Ted Baker bosses resign as firm issues profit warning
Ted Baker boss Lindsay Page, who was only appointed in April, has resigned in the latest blow for the troubled fashion retailer.
The brand's chairman David Bernstein has also quit, and it has issued another Profit warning.
Ted Baker shares fell by as much as 36% on the news before paring some losses.
The Firm , which is struggling with falling sales, said The Past year had been the "most challenging in our history".
It has also been dealing with The Fallout of a Mr Kelvin denies the allegations which centre on claims of "forced hugging".
Issuing its Profit warning, Ted Baker said it had seen worse-than-expected trading in November, including on Black Friday .
As such, it said its full-year Profit - previously forecast by analysts at £28. 4m - was now likely to be just £5m to £10m, depending on how well it trades over Christmas.
The Firm said it had hired consultants Alix Partners to carry out an urgent review of The Group 's business. It also announced it had suspended its shareholder dividend payout.
Further blows?Sophie Lund-Yates, an equity analyst at Hargreaves Lansdown , said price discounting across the retail sector was hurting Ted Baker .
"It has left profits unravelling, and the higher price tags on Ted's clothes means it's more vulnerable to price-slashing than some Rivals . "
She also warned that weak consumer spending in its key UK and Europe markets showed no signs of strengthening. "Ted isn't down and out at this point, but further blows can't be discounted," She Said .
Shares in Ted Baker have fallen by More Than 75% since January, in a year which has seen it give four Profit warnings.
Last week its bosses also revealed that The Group 's by Between £20m and £25m, sparking another tumble in the share price.
Chief financial officer Rachel Osborne will become acting chief executive with immediate effect, with Mr Page helping with the transition.
Non-executive director Sharon Baylay will take on The Role of acting chair following The Departure of Mr Bernstein .
retailing, ted baker, companies
Source of news: bbc.com
