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
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 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