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Business

Ted Baker completes sale and leaseback of HQ

Ted Baker has announced it has completed the sale and leaseback of its London HQ, known as The Ugly Brown Building. The British luxury label sold the building to a wholly-owned subsidiary of British Airways Pension Trustees Limited for a cash consideration of 78.75 million pounds. The net proceeds of at least 72 million pounds of that will go...

16 hours ago

Business

John Barton to join Ted Baker board as non-executive Chairman

Ted Baker has appointed John Barton as non-executive Chairman. The company said in a statement that he will be appointed to the board with effect from July 1, 2020 and Sharon Baylay will continue in her role as Acting Chair until Barton joins the board. She will not seek re-election to the board at the annual general meeting on July 21, 2020....

23 Jun 2020

Business

Ted Baker raises 105 million pounds

Ted Baker has raised 105 million pounds in new equity to help ease the financial strain Covid-19 has had on the business. On 1 June, the loss-making British luxury label announced plans to raise 95 million pounds through a share placing and a further 10 million pounds through an offer for subscription to help it cut debt and pursue a “digital...

18 Jun 2020

Retail

Ted Baker announces phased reopening plans

Ted Baker has confirmed that it will reopen 31 of its standalone stores in two phases across June 15 and June 21, along with several additional outlet locations and wholesale concessions. The fashion retailer will mark its reopening with a new brand campaign with London-based design, illustration and animation studio, Rude Studio, who have...

15 Jun 2020

Fashion

Ted Baker’s second charity drop to support Pride Month

Ted Baker’s digital pop-up, Ted’s Bazaar is launching its second drop, giving 100 percent of profits to a charity in support of Pride Month. The limit-edition collection, including unisex T-shirts and mugs, features Ted’s ‘Love Has No Label’ slogan. The aim of ‘Ted’s Bazaar’ is to solely support community-based charities, with donations from the...

11 Jun 2020

Business

Ted Baker to raise funds as the company swings loss

Total revenue at Ted Baker plc was down 1.4 percent or 2.4 percent in constant currency to 630.5 million pounds (780.8 million dollars), which the company said was impacted by significant discounting as seen across the apparel industry, particularly in the UK, in response to weak consumer spending and channel shift to online. Ted Baker’s loss...

1 Jun 2020

People

Ted Baker appoints a global creative director

British retailer Ted Baker has confirmed that Arcadia’s Anthony Cuthbertson will join the company in the newly created role of global creative director. Cuthbertson is currently global design director for Topshop, a role in which he oversees all design and product as well as designer collaborations, Idol and boutique collections. He will join...

20 May 2020

Business

Ted Baker names David Wolffe as Chief Financial Officer

Ted Baker has appointed David Wolffe as Chief Financial Officer with immediate effect. The company said in a statement that Wolffe, who will join the board immediately, has over twenty years’ experience in finance roles for both public and private businesses, including the group CFO role at HMV Group. Commenting on Wolffe’s appointment, Rachel...

18 May 2020

People

Ted Baker names John Barton as Chairman

Ted Baker has appointed John Barton as Non-Executive Chairman of the board. The company said in a statement that Barton, who will join the board in July, brings a wealth of relevant experience to Ted Baker, having held senior non-executive positions across a number of leading consumer-facing businesses. Commenting on Barton’s appointment, Sharon...

22 Apr 2020

Fashion

Ted Baker launches online pop-up to aid coronavirus outbreak

British fashion brand Ted Baker is launching ‘Ted’s Bazaar’, an online pop-up shop featuring exclusive limit-edition merchandise, with 100 percent of profits going to local communities facing “current and future challenges” due to the Covid-19 pandemic. Launching May 1, the first collection will feature three exclusive Ted Baker designs, all of...

20 Apr 2020

People

Ted Baker appoints Rachel Osborne as CEO

Ted Baker has appointed Rachel Osborne as the company’s Chief Executive Officer. The company said in a statement that Osborne, whose appointment will be effective immediately, has more than 20 years’ of relevant brand and retail sector experience. She joined Ted Baker as chief financial officer in November 2019, before being appointed as acting...

30 Mar 2020

Fashion

Ted Baker and Moss Bros launch the eco suit

Ted Baker has launched a sustainable men’s suit exclusively for Moss Bros that has been tailored from fine wool and recycled plastic bottles. The Alter Eco Suit presents a sustainable twist on tailoring constructed from a fine wool blended with fibres from recycled plastics, blending naturally renewable wool with stretch and fibres made from...

3 Mar 2020