Company
Ted Baker PLC
LON:TED
Ted Baker PLC is a designer brand that operates through three main distribution channels: retail, wholesale and licensing. It offers a range of collections, including menswear, womenswear, global, phormal, endurance, accessories, lingerie and underwear, childrenswear; fragrance and skinwear, footwear, eyewear, and watches.
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Ted Baker revenues grow but wary about market conditions
Store revenues were up 20.4% in the period, still, down 23% like-for-like in the second quarter of 2020
Take-private valuations could be coming off the roil
Takeover valuations may have turned a corner as potential bidders struggle to source cheap debt
Ted Baker accepts takeover offer below previous bids
The clothing brand agreed an offer of 110p per share - below the 130p and 137.5p offers the board rejected in March
Ted Baker shrugs off trade cover reports
The retailer denied last month that talks with its chosen buyer broke down due to due diligence
Ted Baker buyer decides against takeover but 'not linked to due diligence'
Two weeks ago the preferred buyer began a process of “confirmatory due diligence” ahead of the takeover
Ted Baker whittles auction down to one suitor, Sycamore drops out
The due diligence process should take several weeks
Reebok owner joins Ted Baker auction
Ted Baker officially put itself up for sale earlier this month after it had received a string of bids from US private equity firm Sycamore
Ted Baker says US private equity firm Sycamore will participate in sale process
Sycamore previously made two unsolicited offers to the high-street retailer, both of which were deemed to significantly undervalue the London-listed chain
Ted Baker up for sale - what happens next?
the London listed company rejected two bids from Sycamore, with the most recent bid that was made public worth 137.5p per share
Ted Baker bows to pressure and starts auction for the business
Enough private equity vultures are circling the company to prompt it to give it the full "put up or shut up"
Ted Baker: ready to push for growth?
Shares in the company have recovered in the year so far, up by 14% to 119.5p
Ted Baker rejects offers from US private equity firm
The fashion company added that it is on the way to recovery
Ted Baker in play as US private equity firm confirms it is mulling an offer
Ted Baker is currently valued at £182mln. Market rumours indicate Sycamore is considering pitching its offer at around £200mln
Ted Baker sales jump 35% despite COVID-19 and supply chain disruptions
The fashion retailer says the search for a new chair is on track
Has Ted Baker continued to make turnaround progress?
Despite the previous upbeat statement, shares have fallen 17% this year
Ted Baker announces death of chairman
Helena Feltman will assume the role of interim chairman with immediate effect
Ted Baker share price tipped to perk up as comparatives get easier
Ted Baker’s house broker argues that the share price performance does not reflect the more optimistic outlook, the trading momentum improvements or the strong market and financial position.
Ted Baker: Are these bargain-rail shares worth putting in the basket?
Is Ted at a turning point? Stockbroker Liberum seems to think so.
Ted Baker posts higher sales but e-commerce falls
Trading has recovered at a different pace in all the retailer's markets
Ted Baker slashes rent bill with head office switch
Baker added it was taking advantage of a dramatically changed commercial property market landscape
Ted Baker powers on with turnaround plan, unveils new pricing, sustainability goals
The fashion designer saw full-year losses widen due to the pandemic
Archive
FTSE 100 gets refuelled by Shell and BP gains; Wall Street is mixed at midday
The FTSE 100 ended Monday up 13 points, 0.2%, at 7,147
Ted Baker and Auto Trader among Thursday’s notable names
Ted Baker PLC, Auto Trader Group PLC, and CMC Markets are a few of the names in the diary for Thursday.
FTSE 100 set for subdued start as Yellen re-ignites inflation debate
The index of UK blue-chips is being called to open just two points higher at 7,071.04
Archive
FTSE 100 ends virtually flat despite Rolls-Royce surge, but Wall Street higher
The UK blue chip index couldn't make headway but US markets have been buoyed by better than expected jobless claims data and unchanged US GDP readings
Togs and dogs: Ted Baker and Pets at Home among highlights for Thursday’s diary
Ted Baker, Pets At Home, United Utilities and Johnson Matthey are among the notable names pencilled in the book for Thursday.
Ted Baker shares slide after refinancing
The fashion firm said the new agreement extends the revolving credit facility maturity to November 2023 and amends the covenants.
Ted Baker partners with luxury bedding supplier Bedeck, expects COVID-19 hit to May
Quarterly revenue tumbled 47% amid store closures, low footfall and declining demand for occasionwear
Ted Baker ploughs on with turnaround strategy as interim losses swell
In the four weeks to November 28, the fashion group's sales tumbled by 37%
Archive
Ocado, Rolls-Royce and Ted Baker main focus of corporate diary in coming week, Brexit and US stimulus draw macro focus
Other notable companies in the diary include construction equipment firm Ashtead, packaging group DS Smith and housebuilder Bellway
Ted Baker expands Next collaboration with lingerie, nightwear collection
The two designers are already working together on a childrenswear range
Ted Baker says e-commerce a bright spot as revenues slide
Store sales fell 79% in the 11 weeks to July 18, 2020, and retail sales overall dropped by 50%
Ted Baker launches share placing at 51% discount after swinging to loss
In the year to 26 January, revenue rose 1% but profits collapsed 92% due to lower margins and higher distribution and administrative costs
Ted Baker promotes interim chief financial officer to permanent role
David Wolffe joined the fashion designer in January to temporarily replace Rachel Osborne, who was promoted to CEO in September
Ted Baker strikes £78mln sale-leaseback deal for headquarters amid coronavirus uncertainty
Presently 384 of Ted Baker's 416 global stores are closed, the e-commerce business continues and recently saw a 16% increase in sales.
Ted Baker to axe 102 jobs as part of cost review
The programme is expected to save £5mln this year and £7mln annually thereafter
Ted Baker: new year, new Ted?
In less than a year, Ted Baker's board has gone from a majority of men to one of women and has created a new role to focus on customers
Ted Baker creates chief customer officer role
Jennifer Roebuck, a non-executive director at the company with experience in digital transformation and brand marketing, was appointed to the role
Ted Baker investigation reveals black hole twice as large as feared
Clothes and other inventory held on the fashion group’s balance sheet early last year had been overstated by £58mln, accountants at Deloitte have found
Ted Baker drops as RBC downgrades with “little relief in sight”
In a scenario where earnings deteriorate further, analysts suggest that the retailer's capital structure “would require addressing”
Rain makes start of January sales a damp squib for high street
“Boxing Day is indisputably a less important trading day than it once was,” said Diane Wehrle, Insights Director at Springboard
Ted Baker faces more takeover talk after falling to decade low
Found Ray Kelvin holds a near-35% stake and will be further motivated to step in with the shares less than half their price six months ago
Can Ted Baker recover without its founder?
One analyst said that it would be "very positive for the business" if disgraced former chief executive Ray Kelvin returned
Ted Baker CEO and chair fall on swords after accounting black hole found
The company revealed disappointing trading over the Black Friday period and said it anticipated that “difficult trading conditions will continue”
Ted Baker discovers black hole in accounts
A £20-25mln overstatement in the value of inventory held was, said one analyst, “a huge blunder” that “suggests that the business hasn’t got a grip on its numbers”
Ted Baker squeezed hard by competitor discounting
Chairman David Bernstein remains confident in the brand’s ability to succeed in the long-term but said interim results were behind expectations
Ted Baker turning Japanese business over to licence partner
“Over recent years, we have invested in introducing Ted Baker to Japanese customers and we are confident that our new Japanese retail licence partner will build on this platform and deliver meaningful long-term growth”
Ted Baker looks shabby as Mulberry poaches finance boss
Charles Anderson, who served as finance director of Ted Baker's subsidiaries for six years, will take up his new role at Mulberry in early October
Ted Baker cuddles up to Next with new children’s clothing deal
“Next is the outstanding partner to take Ted Baker forward in this category, which we believe will deliver significant growth in the coming years,” chief executive Lindsay Page said
Ted Baker shares slip on downgrade by RBC analysts
RBC downgraded its recommendation on Ted Baker’s shares to ‘sector perform’ from ‘outperform’ and slashed its target price to 900p from 1,900p
Archive
Ted Baker tumbles to seven-year low as HSBC slashes target
A look at the day's major movers, including Ted Baker, IAG, easyJet, Bagir, Blue Prism, EVR, Blackbird, Nu-Oil & Gas, Anglo Asian Mining and Petrel Resources
Ashtead could be the next company sunk by record US rainfall
Since the start of 2019, areas of the US have been enduring multiple months of flash flooding as torrential rainfall has engulfed large portions of the Midwest and the South
Investments and investor services
Sabien Technology soars as it wins contract and signals expectation of a move into profit
A look at the day's major movers, including Woodford Patient Capital, Quadrise, Dods, Oxford Instruments, Carclo, Quiz, Mporium and Ted Baker
Ted Baker expects profits to fall as much by as 20% after difficult trading
Life continues to be tough for Ted Baker after its founder stepped down as boss following sexual harassment claims against him
Investments and investor services
FTSE 100 closes higher despite continued trade fears
China has pledged to spend more on infrastructure to offset any downturn caused by Trump’s trade tariffs
Ted Baker announces new CEO to replace Ray Kelvin and overhaul of policies after "forced hugging" claims
Lindsay Page, who has been finance director for the past 22 years, has been acting chief executive since March and will now take on the role permanently
Ted Baker edges higher as it unveils new Chinese joint venture
The plan is to open 50 new stores in China, Hong Kong and Macau over the next five years
Ted Baker in need of a hug as annual profits slump
Ted Baker, which saw its CEO and founder step down earlier this month amid allegations of misconduct, blamed consumer uncertainty, unfavourable weather and heavy discounting for the profit fall
Archive
FTSE 100 closes higher at traders focus on Federal Reserve's dovish tone
The FTSE 250 though, seen as a better indicator of the state of UK companies, closed down around 41 points at 19,347.
Archive
Clothes retailers Next and Ted Baker in the spotlight on Thursday
Not much excitement is expected from the Bank of England, so investor attention will instead be on two of the UK’s troubled clothes retailers: Ted Baker and Next
Ted Baker founder Ray Kelvin resigns as CEO after harassment claims
Ted Baker said Ray Kelvin has agreed to resign with immediate effect
Ted Baker issues profit warning as problems mount
Profit before tax is now expected to be in the region of £63mln
Tesco, Next and Ted Baker among the festive winners as high street survives Christmas - but only just
Below we provide a cut-out-and-keep guide to the major quoted retailers and how the quoted retailers performed
Archive
Moss Bros to wrap up busy week of Christmas trading updates from high street retailers
The day includes trading updates from retailers Moss Bros and AO World, plus UK gross domestic product data and US inflation figures
Ted Baker upgraded to 'buy' by HSBC following better-than-expected Christmas sales
HSBC said there has been no "discernible impact" on brand performance or reputation following reports of sexual harassment claims against boss Ray Kelvin
Archive
Greggs shares are on a roll thanks to Piers Morgan and vegans
A look at some of the day's major stock market movers on Wednesday.
Ted Baker shares jump as fashion retailer unveils solid Christmas sales
Ted Baker maintained its guidance for the year to January 26 as it expects to end the period with a clean stock position and gross margins in line with estimates.
Archive
FTSE 100 closes higher as traders optimistic on China/US talks breakthrough
The UK blue-chip benchmark added around 45 points at 6,906, while FTSE 250 surged even higher.
Archive
Slew of retailer trading updates to continue, Sainsbury's takes supermarket focus
The post-Christmas assessment of the high street will carry on unabated on Wednesday, with updates expected from Ted Baker, Topps Tiles and Majestic Wines
Archive
Argo Blockchain in demand but Mobile Streams' gains ebb away
A look at the day's major movers, including Kibo Energy, Red Rose, Red Emperor Resources, Anglo African Oil & Gas, Mobile Streams, Dunelm and Ted Baker
Archive
Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Ted Baker boss Ray Kelvin to take voluntary leave of absence while allegations about conduct investigated
The fashion retailer said: “The committee and the board have now been made aware of further serious allegations about the conduct of (Kelvin), which it will also be investigating”
Ted Baker needs a hug as it appoints law firm to conduct harassment probe and as revenues drop
Ted Baker's revenue dipped 0.2% in the 16 weeks to December 1, reflecting lower wholesale sales
Archive
FTSE 100 closes firmly lower as investors realise US/China trade dispute continues
The UK index of leading shares finished down over 39 points lower at 7,022.
Ted Baker launches investigation after staff hugging and harassment claims
A petition launched by Ted Baker staff accuses the firm’s founder and boss, Ray Kelvin, of inappropriate comments and behaviour
Archive
Interserve weak as Kier Group cash call comments spark concerns for constructors
A look at some of the London market's biggest risers and fallers on Monday
FTSE 100 clings on to triple-digit gain
The Footsie looked destined to finish well off the top but still sporting a handsome gain following a weekend of deals at the G20 and Opec meetings
MediaZest surges as it swings to profit in first half on improved revenues and margins
The media agency reported a pre-tax profit for the period of £90,000, up from a £149,000 loss a year ago, while revenues climbed to £1.8mln from £1.3mln
Department stores aren’t dead: Why Mike Ashley can turn House of Fraser around
A number of companies that operate concessions inside big UK department stores have issued profit warnings of late, so is there still a place on the high street for House of Fraser, Debenhams and co?
Archive
Retailers and recruiters in week ahead spotlight with results from N Brown, WH Smith, PageGroup and Hays
The week ahead sees updates from N Brown, WH Smith, Hays, PageGroup, Greggs, RPC Group and Marston's
New London IPOs Aston Martin and Funding Circle are still struggling
Some of the main risers and fallers in London on Thursday ...
Ted Baker profits hit by House of Fraser collapse, expects challenging second half
Pre-tax profit dipped 3.2% to £24.5mln as Ted Baker took a hit from debts owed by troubled department store chain House of Fraser
Ted Baker shares creep up as it brings footwear back in-house with acquisition from licensee
The purchase of No Ordinary Shoes and No Ordinary Shoes USA from Ted Baker's current footwear licensee, Pentland, is expected to cost between £17mln and £21mln
House of Fraser suppliers stand to lose millions of pounds from retailer's collapse
HoF owes its suppliers £484mln, according to documents from administrators EY
Ted Baker in fashion as HSBC Securities starts with ‘buy’, says firm “well placed in challenged markets”
The global banking giant’s analysts also set a 2,900p price target on the stock, which was trading at 2,286p a share in late morning trading, up 3.8% on Monday’s close
Online retailer shares pressured by change in US online tax regime
On June 21, the court voted to overturn a 1992 physical presence requirement, which would now allow states in the US to collect an extra US$8-23bn a year in sales taxes
Ted Baker warns on challenging external trading conditions, delivers revenue growth
In a trading update, the FTSE 250-listed firm announced a 4.2% increase in revenue for the 19 week period from 28 January 2018 to 9 June 2018, compared to the year before
FTSE 100 closes in red as resource stocks lag and Brexit debate goes on
With the Trump-Kim meeting and various pieces of economic data behind us, all eyes are turning to Parliament, which is set to vote on amendments to the EU Withdrawal Bill today and tomorrow
Archive
Housebuilders in focus on Tuesday, but fashion updates eyed too
The day ahead includes updates from housebuilders Bellway and Crest Nicholson, plus trading news from fashion group Ted Baker and online clothing firm Boohoo.com
Investments and investor services
FTSE 100 closes account firmly higher, bolstered by weaker pound
The UK pound shed 0.38% against the Euro, while it was off 0.30% against the US dollar.
Ted Baker shares rise on Goldman Sachs upgrade
Goldman Sachs moves to 'buy' whilst sticking with a £32.50 price target
Ted Baker slumps as Jefferies downgrades stock after cautious trading update
Jefferies lowered its rating on the stock to ‘hold’ from ‘buy’ and cut its target price to 2,700p from 3,000p
Xeros shares spike higher on news of US acquisition
A look at some of the biggest risers and fallers in London on Thursday
Ted Baker warns on challenging global trading conditions as annual profits rise
Ted Baker said that recent unseasonal weather across Europe and East Coast of America has had an impact on the early part of trading for Spring/Summer
Investments and investor services
FTSE 100 plunges 1.23% to below 7,000 after BoE rate decision
In the currency markets, the pound is up 0.13% against the Euro, but down 0.20% against the US dollar.
Investments and investor services
Genel Energy and Ted Baker in the spotlight ahead of Thursday’s results
The Kurdistan oil and gas business releases its results on Thursday, while investors will be hoping to see continued momentum for the fashion retailer.