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Tag: baker

Ted Baker to cut 160 roles after ‘very challenging year’ | Business

Ted Baker is to axe 160 roles as the fashion retailer grapples with declining sales, profits and a £58m accounting error. It announced the cuts – 102 staff redundancies and a decision not to replace 58 vacant roles – in the first stage of a restructuring designed to put the business back on track. The …

Ted Baker to cut 160 roles after ‘very challenging year’ | BusinessRead More

Ted Baker balance sheet error worse than feared as woes deepen | Business

The struggling fashion retailer Ted Baker has admitted that an accounting error was twice as big as initially thought, leaving it with a £58m hole in its balance sheet. Ted Baker appointed accountants from Deloitte last month to investigate after the company found that it had overestimated the value of its stock. The retailer’s preliminary …

Ted Baker balance sheet error worse than feared as woes deepen | BusinessRead More

Ted Baker’s bankers call in experts to weigh prospects | Business

Ted Baker’s bankers have appointed advisers to review the prospects for the business amid fears that the fashion chain will be forced to raise cash. A consortium of four major lenders to the company, understood to be Santander, HSBC, Barclays and Royal Bank of Scotland, have hired the advisory firm FTI Consulting, which has previously …

Ted Baker’s bankers call in experts to weigh prospects | BusinessRead More

Why Ted Baker is poorly suited to today’s high street | Fashion

There was a time when Ted Baker was a go-to brand for young professionals across Britain, offering clothes that tended to fall on the smart side of smart-casual. Its suits will have seen many a job interview or christening, its dresses will have been worn on Friday nights out with colleagues, its hoodies snuggled into …

Why Ted Baker is poorly suited to today’s high street | FashionRead More

Departing directors and aggressive investors mean trouble for Ted Baker | Business

Ted Baker has been a jack-the-lad character in the City for the past 30 years. The story goes that “Ted”, the presumed alter ego of company founder Ray Kelvin, got the idea for a global brand “while fishing” in 1987. And he never looked back. UK consumers were drawn to his quirky sense of humour …

Departing directors and aggressive investors mean trouble for Ted Baker | BusinessRead More

Ted Baker shares fall after it warns of £25m balance sheet error | Business

The struggling fashion chain Ted Baker has warned that it overestimated the value of its stock and appointed a law firm to carry out a comprehensive review. The retailer, which has a new finance director, estimates that the value of the inventory held on its balance sheet has been overstated by £20m to £25m, based …

Ted Baker shares fall after it warns of £25m balance sheet error | BusinessRead More

Ted Baker shares plunge as it suffers £23m first-half loss | Business

Shares in Ted Baker crashed by more than a third after the fashion retailer dived to its first half-year loss in more than 20 years and issued another warning on its full-year performance. The company said trading in the first half had been worse than expected and the second half had started slowly because of …

Ted Baker shares plunge as it suffers £23m first-half loss | BusinessRead More