Edition:
India

Ted Baker PLC (TED.L)

TED.L on London Stock Exchange

1,039.00GBp
17 Sep 2019
Change (% chg)

-1.00 (-0.10%)
Prev Close
1,040.00
Open
1,025.00
Day's High
1,045.00
Day's Low
1,025.00
Volume
3,274
Avg. Vol
105,258
52-wk High
2,418.00
52-wk Low
750.00

Latest Key Developments (Source: Significant Developments)

Ted Baker Appoints Japanese Retail Licence Partner
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Ted Baker PLC ::APPOINTMENT OF JAPANESE RETAIL LICENCE PARTNER.ANTICIPATED TRANSACTION RELATED COSTS OF APPROXIMATELY £4M, OF WHICH APPROXIMATELY £3M ARE ANTICIPATED TO BE IN CASH.ENTERED AN AGREEMENT WITH SOJITZ INFINITY TO CREATE AN EXCLUSIVE RETAIL LICENCE DEAL FOR JAPAN, INITIALLY FOR FIVE YEARS.INFINITY WILL DRIVE LONG-TERM EXPANSION OF TED BAKER BRAND IN JAPAN.EXPECTED THAT NEW OPERATING MODEL TO HAVE MARGINALLY POSITIVE IMPACT ON PRETAX PROFIT FROM CURRENT YEAR, GREATER BENEFIT IN FURTHER YEARS.INFINITY INTENDS TO BUILD ON GROUP'S EXISTING STORE PORTFOLIO, EXPAND CONCESSION NETWORK AND INVEST IN TED BAKER'S ONLINE PRESENCE.WILL TRANSFER CERTAIN EXISTING ASSETS RELATING TO ITS JAPANESE BUSINESS TO INFINITY AT NIL VALUE.APPOINTMENT OF LICENCE PARTNER WILL BE ACCRETIVE TO GROUP PRE-TAX PROFIT IN CURRENT FINANCIAL YEAR.POSITIVE IMPACT OF PROFIT WILL INCREASE DURING FURTHER YEARS OF CONTRACT.  Full Article

Mulberry Appoints Charles Anderson Group Finance Director
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Mulberry Group Plc ::APPOINTMENT OF GROUP FINANCE DIRECTOR.APPOINTMENT OF CHARLES ANDERSON TO COMPANY'S BOARD OF DIRECTORS AS GROUP FINANCE DIRECTOR WITH EFFECT FROM EARLY OCTOBER 2019.CHARLES ANDERSON REPLACES NEIL RITCHIE WHO, AS PREVIOUSLY ANNOUNCED, STEPPED DOWN FROM BOARD ON 30 JUNE 2019.CHARLES ANDERSON HAS OVER 20 YEARS' EXPERIENCE AS A FINANCE PROFESSIONAL, LAST 17 OF WHICH WERE AT TED BAKER.  Full Article

Ted Baker Says Now Anticipates FY Underlying Pre-Tax Profit Between £50 Mln & £60 Mln
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Ted Baker PLC ::TED BAKER PLC - TRADING UPDATE.NOW ANTICIPATES UNDERLYING PROFIT BEFORE TAX FOR YEAR ENDING 25 JANUARY 2020 TO BE IN RANGE OF £50M TO £60M..ANNOUNCES A 3.8% (1.9% IN CONSTANT CURRENCY) INCREASE IN GROUP REVENUE FOR 19 WEEK PERIOD FROM 27 JANUARY 2019 TO 8 JUNE 2019.TOTAL RETAIL SALES INCLUDING E-COMMERCE DECREASED BY 0.3% FOR PERIOD (1.8% DECREASE IN CONSTANT CURRENCY) FOR 19 WEEKS.IN LIGHT OF CHALLENGING START TO FINANCIAL YEAR, MANAGEMENT ARE ACTIVELY FOCUSED ON PRODUCT INITIATIVES AND COST CONTROL.WHOLESALE SALES FOR PERIOD INCREASED 14.2% (11.4% IN CONSTANT CURRENCY) FOR 19 WEEKS.MONTHLY PRODUCT DROPS AND SPEED TO MARKET PROJECTS WILL COMMENCE IN COMING WEEKS.E-COMMERCE SALES INCREASED BY 2.4% (1.2% IN CONSTANT CURRENCY) AND REPRESENTED 26.0% OF TOTAL RETAIL SALES (2019: 25.3%) FOR 19 WEEKS.DRIVING FURTHER EFFICIENCIES THROUGH SOURCING AND SUPPLY CHAIN, AS WELL AS FOCUS ON NET WORKING CAPITAL INITIATIVES.CONSUMER UNCERTAINTY IN NUMBER OF KEY MARKETS, ELEVATED LEVELS OF PROMOTIONAL ACTIVITY RESULTED IN EXTREMELY DIFFICULT TRADING CONDITIONS.  Full Article

Ted Baker Appoints Helena Feltham As An Independent Non-Exec Director
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Ted Baker PLC ::APPOINTMENT OF NON-EXECUTIVE DIRECTOR.APPOINTMENT OF HELENA FELTHAM AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR WITH EFFECT FROM 1 MAY 2019..HELENA WAS FORMERLY PEOPLE DIRECTOR AT B&Q.  Full Article

Ted Baker Appoints Lindsay Page As CEO
Thursday, 11 Apr 2019 

April 11 (Reuters) - Ted Baker PLC ::TED BAKER PLC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER.TED BAKER PLC - APPOINTMENT OF LINDSAY PAGE AS COMPANY'S CHIEF EXECUTIVE OFFICER WITH IMMEDIATE EFFECT.TED BAKER PLC - IN DEC 2018, PAGE WAS APPOINTED ACTING CEO.TED BAKER PLC - NOMINATION COMMITTEE IS CONSIDERING FURTHER BOARD APPOINTMENTS, WHICH WILL BE ANNOUNCED IN DUE COURSE.  Full Article

Ted Baker Creates JV To Expand Brand In Mainland China, Hong Kong And Macau
Wednesday, 10 Apr 2019 

April 10 (Reuters) - Ted Baker PLC ::TED BAKER PLC - JOINT VENTURE.TED BAKER PLC - CREATION OF JOINT VENTURE TO EXPAND TED BAKER BRAND IN MAINLAND CHINA, HONG KONG AND MACAU.TED BAKER - NEW JV TO OPERATE TED BAKER RETAIL, CONCESSIONS AND ONLINE CHANNELS IN SIGNIFICANT MAINLAND CHINA, HONG KONG AND MACAU MARKETS.TED BAKER PLC - TED BAKER'S NET CASH CONTRIBUTION IS ANTICIPATED TO BE IN REGION OF RMB30M (C.£3.4M) FOR JV.TED BAKER PLC - JOINT VENTURE IS EXPECTED TO BE MARGINALLY ENHANCING TO GROUP PROFIT BEFORE TAX IN CURRENT FINANCIAL YEAR.TED BAKER PLC - AS PART OF DEAL, TED BAKER WILL TRANSFER ITS OPERATIONS IN CHINA AND HONG KONG INTO NEW JOINT VENTURE.TED BAKER PLC - ANTICIPATES TRANSACTION RELATED COSTS AT COMPLETION OF APPROXIMATELY £6.5M.TED BAKER - TO ISSUE SHARES IN UNIT BAKER HONG KONG TO JV PARTNER FOR A TOTAL SUBSCRIPTION PRICE OF RMB50M FOR 50% INTEREST IN SHARES IN TBHK.TED BAKER PLC - ANTICIPATES AROUND RMB 40M (C.£4.6M) OF TOTAL CAPEX FOR JV FOR CURRENT YEAR AND NEXT FULL FINANCIAL YEAR.  Full Article

Ted Baker Says CEO Ray Kelvin Resigns With Immediate Effect
Monday, 4 Mar 2019 

March 4 (Reuters) - Ted Baker PLC ::RESIGNATION OF CHIEF EXECUTIVE OFFICER.ANNOUNCES THAT CHIEF EXECUTIVE OFFICER RAY KELVIN HAS RESIGNED WITH IMMEDIATE EFFECT.CHIEF EXECUTIVE OFFICER RAY KELVIN HAS RESIGNED WITH IMMEDIATE EFFECT.ACTING CHIEF EXECUTIVE OFFICER LINDSAY PAGE HAS AGREED TO CONTINUE IN THIS ROLE.BOARD HAS ASKED DAVID BERNSTEIN TO ACT AS EXECUTIVE CHAIRMAN TO PROVIDE ADDITIONAL SUPPORT TO LINDSAY.BERNSTEIN INDICATED HE WILL CONTINUE AS EXECUTIVE CHAIRMAN UNTIL NO LATER THAN NOV 30 2020, BY WHICH TIME A SUCCESSOR WILL BE APPOINTED.INVESTIGATION TO CONTINUE, WITH PRIMARY FOCUS OF REMAINDER OF INVESTIGATION BEING ON CO'S POLICIES, PROCEDURES AND HANDLING OF COMPLAINTS.EXPECTED THAT HSF WILL CONCLUDE ITS INVESTIGATION AT END OF Q1 OR EARLY IN Q2 2019.  Full Article

Ray Kelvin Comments On Resignation As Ted Baker CEO
Saturday, 2 Mar 2019 

March 4 (Reuters) - Ted Baker's Former CEO Ray Kelvin::SAYS "I'VE DECIDED THAT RIGHT THING TO DO IS TO STEP AWAY FROM TED".SAYS "I'LL SUPPORT LINDSAY IN HIS LEADERSHIP AND BE AVAILABLE TO HIM AND TEAM WHEREVER I CAN OFFER HELPFUL ADVICE".SAYS PAST FEW MONTHS WERE "DEEPLY DISTRESSING", WILL BE TAKING TIME PRIVATELY TO CONSIDER NEXT STEPS.  Full Article

Ted Baker warns on full-year profit
Wednesday, 27 Feb 2019 

Feb 27 (Reuters) - Ted Baker PLC ::TED BAKER PLC - UPDATE ON PROFIT EXPECTATION FOR YEAR 18/19.TED BAKER PLC FY PROFIT BEFORE TAX IS NOW EXPECTED TO BE IN REGION OF £63M.TED BAKER PLC - NET BORROWING POSITION FOR YEAR 18/19 REMAINS IN LINE WITH PRIOR EXPECTATIONS.TED BAKER - PRE-TAX PROFIT FOR YEAR 18/19 HAS BEEN ADVERSELY AFFECTED BY FOREIGN EXCHANGE MOVEMENTS IN FINAL WEEK OF FINANCIAL YEAR.TED BAKER - PRE-TAX PROFIT FOR YEAR 18/19 ALSO ADVERSELY AFFECTED BY SYSTEMS AND WAREHOUSING TRANSITIONS IN ASIA AND US.TED BAKER - RECENT SYSTEMS AND WAREHOUSING TRANSITIONS IN ASIA AND US, MORE PRUDENT VIEW ON AGED STOCK, RESULTED IN WRITE-DOWN OF ABOUT £5M.  Full Article

Ted Baker's Retail Sales Rise 12.2 Pct In 5 Weeks To Jan 5
Wednesday, 9 Jan 2019 

Jan 9 (Reuters) - Ted Baker PLC ::RETAIL SALES INCREASED BY 12.2% FOR 5 WEEK PERIOD FROM 2 DECEMBER 2018 TO 5 JANUARY 2019 ( "PERIOD"), COMPARED TO SAME PERIOD LAST YEAR.GROSS MARGINS REMAIN IN LINE WITH OUR EXPECTATIONS FOR FULL YEAR.EXPECT TO END YEAR WITH A CLEAN STOCK POSITION.BOARD ANTICIPATES THAT RESULTS FOR 52 WEEKS ENDING 26 JANUARY 2019 WILL BE IN LINE WITH ITS EXPECTATIONS.WORK OF INDEPENDENT EXTERNAL INVESTIGATION BY HERBERT SMITH FREEHILLS LLP IN RESPECT OF RECENT MEDIA REPORTS AND PETITION IS PROGRESSING.  Full Article

UPDATE 1-Ted Baker seeks to propel growth in Japan with license deal

Aug 28 Britain's Ted Baker Plc said on Wednesday it tapped Sojitz Infinity Inc, a unit of Sojitz Corporation, as its Japanese retail license partner to help push the fashion retailer's long-term growth plan in Japan.