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TED BAKER news and archive

Ted Baker mulls head office job cuts

Upmarket brand Ted Baker is reportedly undergoing a strategic review of its head office staff in London, with 30 jobs at risk. Employees working in departments including sales and merchandising could be impacted, Drapers reports. It comes after the British brand was bought by Reebok-owner Authentic Brands Group late last year in a deal valued at...

13 Jan 2023

Business

Marks & Spencer adds third-party menswear brands to e-commerce site

British department store Marks & Spencer has announced a selection of menswear brands will be joining its ‘Brands at M&S’ concept this month. Ted Baker, Superdry, Lyle & Scott and Musto will be added to the retailer’s e-commerce platform, as it looks to expand its menswear category for consumers. Through the new brands, over 250 menswear...

21 Nov 2022

BusinessFeatured

Ted Baker posts revenue growth of 3.4 percent

For the 14-week period to July 29, Ted Baker Group's revenue was up 3.4 percent and flat at constant currency compared with the second quarter last year. But revenue was down 28.3 percent compared with Q2 FY20. The company said store revenue was up 20.4 percent during the quarter, led by increased footfall to Ted Baker locations as consumers...

2 Sept 2022

Business |Opinion

Ted Baker sale: Will new owner Authentic Brands Group be a 'good custodian'?

Foreign ownership of a domestic brand invariably comes with mixed sentiment, even if the sale of that brand means it will have a better parent. Back in April Ted Baker put itself up for sale after rejecting several bids, including from the group that owns Kurt Geiger and Nine West. Trading suffered after Ted Baker’s ‘forced hugs’ scandal, which...

18 Aug 2022

BusinessFeatured

Ted Baker agrees to cash offer from Authentic Brands Group

British lifestyle retailer Ted Baker has announced it has reached an agreement on the terms of a recommended final cash offer by a newly incorporated entity of Authentic Brands Group (ABG). UK-based ABG-Robin BidCo could be set to acquire the entire issued and to be issued share capital of Ted Baker, which will be implemented through a...

16 Aug 2022

People

Ted Baker non-exec director Andrew Jennings exits

Ted Baker director Andrew Jennings has exited the business after announcing his resignation late last year. “On behalf of the board, I would like to thank Andrew for his strong leadership, passion, and commitment during his 8 years at Ted,” said interim chair Helena Feltham in a statement. Jennings said: “I am thrilled to have been part of this...

28 Jul 2022

Business

Ted Baker reportedly under cashflow pressure

Ted Baker is facing the heat as credit insurers reportedly pulled their cover on the fashion retailer’s suppliers during the pandemic. According to The Sunday Times, the British brand has been trading without credit insurance since 2020, when big insurers such as Euler Hermes and Atradius cut ties with the apparel firm. The publication said it...

18 Jul 2022

BusinessFeatured

Ted Baker’s preferred bidder backs out of sale process

Ted Baker has announced its “preferred counterparty” that it selected to pursue a formal sale process with has backed out. In an update to its investors, the British brand said it was informed by the unnamed firm last night, June 6, “that it did not intend to proceed with an offer for the company”. According to the retailer, the counterparty...

7 Jun 2022

BusinessFeatured

Authentic Brands Group reportedly frontrunner in Ted Baker takeover

Reebok-owner Authentic Brands Group (ABG) is reportedly the frontrunner in the race to snap up British brand Ted Baker. ABG is being advised by Bank of America over a 300 million pound deal for the company, Sky News reports, citing unnamed sources. The US group, whose portfolio also includes Forever 21 and David Beckham’s DB Ventures, is...

30 May 2022

BusinessFeatured

Ted Baker sales up 20.5 percent, momentum continues in the current fiscal

Ted Baker Group revenue increased by 20.5 percent or 23.2 percent in constant currency to 428.2 million pounds for the full year. Ted Baker's total brand sales increased to 918 million pounds in the year with an improved performance seen across all of our channels and markets. Gross margin before non-underlying items improved by 105 basis points...

26 May 2022

Business

Ted Baker selects potential buyer, Sycamore steps down

Ted Baker has announced in an update of its ongoing formal sales process that its board has selected a potential buyer. While the process may take several weeks and the retailer reinforced that an offer may not be made, it did say it would be going into a process of confirmatory due diligence with the unnamed firm. The selection comes over a...

23 May 2022

Fashion

Ted Baker launches eyewear with Oliver Goldsmith

British brands Ted Baker and Oliver Goldsmith have collaborated on a new eyewear collaboration that aims to “tell the story of innovation, self-expression and individuality”. The limited-edition eyewear collection comprises of two womenswear and two menswear shapes that are exact replicas of the original Oliver Goldsmith frames worn by cultural...

23 May 2022