Ted Baker news and archive

Ted Baker posts 12.2 percent increase in retail sales

Ted Baker has announced that retail sales increased by 12.2 percent or 10.5 percent in constant currency for the five week period from December 2, 2018 to January 5, 2019, while ecommerce sales increased by 18.7 percent or 17.7 percent in constant currency and represented 25.7 percent of total retail sales. The company added that against a...

Fashion Featured

What to expect in fashion news from week 2, 2019

What’s going on in the world of fashion this week? FashionUnited takes a look ahead at the upcoming news and events for the second week of the year. Below are the main points from the editorial agenda in the period between 7-13 January, 2019. London Fashion Week Men’s Autumn/Winter 2019 (5-7 January) London Fashion Week Men’s returned to the UK...

Report

Ted Baker CEO takes leave of absence during probe into 'forced hugging'

Following accusations of “forced hugging” and harassment against its founder and CEO Ray Kelvin, Ted Baker, on December 3, 2018 announced the appointment of an independent committee of non-executive directors, which subsequently appointed Herbert Smith Freehills LLP to conduct an independent external investigation into the reports received. Now...

ManagementFeatured

Ted Baker revenues fall amid difficult trading conditions

Ted Baker has announced a 0.2 percent or 0.4 percent constant currency decrease in group revenue for the 16 week period from August 11, 2018 to December 1, 2018, compared to the same period last year. Meanwhile, the company said that it has appointed Herbert Smith Freehills LLP, an independent law firm, to conduct an external investigation into...

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Ted Baker shares drop to three-year low following harassment allegations

Shares at Ted Baker have dropped to a three-year low following allegations of harassment made against founder Ray Kelvin, 62. A petition, created by staff of Ted Baker on Organise.co.uk, claims that Kelvin had made staff feel “uncomfortable” through a culture of “forced hugs and kisses” at the company. The UK brand’s shares plunged by as much as...

Fashion Featured

Ted Baker staff launch petition against 'forced hugging' culture

Ted Baker’s founder Ray Kelvin has found himself under fire after staff launched an online petition to stop a culture of “forced hugging” at the company. The petition, launched by the UK brand’s employees, accuses the 62-year-old of making staff feel “uncomfortable” through his “forced hugs and kisses”. Kelvin was also accused in the Organise...

Fashion Featured

'Paint it Ted': Ted Baker reveals its first ever advertising campaign

Milestones are always important in life: First words. First steps. First day of school. First...ad campaign. Well, today British premium brand Ted Baker took its first not-so timid steps into unexplored terrain, with the introduction of its characteristically bold 'Paint it Ted' campaign. The ad campaign - which will be plastered on buses, taxis...

Fashion

Ted Baker signs global licensing agreement with Timex

Ted Baker has announced a global licensing agreement with Timex Group, which the brand states will allow it to “underpin its own global plans” to create watches that will “fully complement” its current apparel and accessory collections. Timex Group will launch the new collections Internationally through premium retail partners and its global...

ManagementFeatured

Ted Bakers posts rise in H1 revenues and profit

For the 28 weeks ended 11 August 2018, group revenue at Ted Baker Plc increased by 3.5 percent or 5.5 percent in constant currency to 306 million pounds (395.8 million dollars). The company said that the composite gross margin decreased to 58.3 percent, while profit before tax and exceptional items increased by 3.5 percent to 25 million pounds...

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Ted Baker acquires No Ordinary Shoes from Pentland, brings footwear licence in-house

Ted Baker, has announced that on September 7, 2018, it entered into an agreement with Pentland Group Plc, the company's footwear licensee since 2001, to acquire the issued share capital of No Ordinary Shoes Limited and No Ordinary Shoes USA LLC for an aggregate consideration of 13 million pounds (17 million dollars), plus an adjustment for net...

ManagementFeatured

KPMG fined over improper Ted Baker audit

London - The UK's Financial Reporting Council (FRC) has imposed a 3 million pounds on senior partner at KPMG over misconduct during the auditing of fashion retailer Ted Baker. The British market regulator fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to...

Business

Ted Baker signs licensing agreement with Delta Galil

British brand Ted Baker and Israeli textile firm Delta Galil are joining forces. The two companies have signed a licensing agreement to allow Delta Galil to develop, produce and distribute men’s underwear, loungewear and thermal wear for Ted Baker worldwide. “We are very excited to partner with the brand and expand it into new categories. This...