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Ted Baker PLC (TED.L)

TED.L on London Stock Exchange

346.00GBp
11 Dec 2019
Change (% chg)

0.00 (+0.00%)
Prev Close
346.00
Open
346.00
Day's High
355.80
Day's Low
330.40
Volume
180,850
Avg. Vol
231,222
52-wk High
2,129.94
52-wk Low
257.60

Latest Key Developments (Source: Significant Developments)

Toscafund Asset Management Discloses 5.9% Stake In Ted Baker As Of Dec 6 - Filing
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - Ted Baker PLC ::TOSCAFUND ASSET MANAGEMENT DISCLOSES 5.9% STAKE IN TED BAKER AS OF DEC 6 - FILING.  Full Article

Ted Baker Cuts Pretax Profit View, Temporarily Suspends Dividend
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - Ted Baker PLC ::EXPECTATIONS FOR PERIOD ENDING 25 JANUARY 2020 HAVE BEEN REDUCED TO A MINIMUM PROFIT BEFORE TAX OF £5M.TRADING OVER NOVEMBER AND BLACK FRIDAY PERIOD WAS BELOW EXPECTATIONS, WITH LOWER THAN ANTICIPATED MARGINS AND SELL THROUGH.ANTICIPATE DIFFICULT TRADING CONDITIONS WILL CONTINUE.INDEPENDENT CONSULTANTS ALIX PARTNERS HAVE BEEN ENGAGED TO CONDUCT A WIDE-RANGING REVIEW OF GROUP'S OPERATIONS.REVIEW OF GROUP'S ASSETS COMMENCED IN OCTOBER AND IS PROGRESSING TO EXPECTED TIMETABLE.BOARD HAS DETERMINED THAT DIVIDEND PAYMENTS WILL BE TEMPORARILY SUSPENDED.GROUP REVENUE DECREASED 0.3% (1.2% DECREASE IN CONSTANT CURRENCY) TO £203.8M FOR 17 WEEK PERIOD TO 7 DECEMBER.REMOVING IMPACT OF ACQUISITIONS AND DISPOSALS , GROUP REVENUE DECLINED 3.1% (3.9% IN CONSTANT CURRENCY) FOR 17 WEEK PERIOD TO DEC 7.ON AN ORGANIC BASIS, TOTAL RETAIL SALES DECREASED 4.8% FOR PERIOD.GROUP GROSS MARGIN IS BELOW EXPECTATIONS DUE TO AN INCREASE IN PROMOTIONAL ACTIVITY.  Full Article

Ted Baker CEO Lindsay Page Resigns; Rachel Osborne Named Acting CEO
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - Ted Baker PLC ::BOARD HAS ACCEPTED LINDSAY PAGE'S RESIGNATION AS CHIEF EXECUTIVE OFFICER.RACHEL OSBORNE HAS AGREED TO BECOME ACTING CHIEF EXECUTIVE OFFICER WITH IMMEDIATE EFFECT.SEARCH FOR A NEW CHIEF EXECUTIVE OFFICER WILL COMMENCE IN JANUARY 2020.  Full Article

Ted Baker Executive Chairman David Bernstein Steps Down
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - Ted Baker PLC ::DAVID BERNSTEIN.SHARON BAYLAY HAS ASSUMED ROLE OF ACTING CHAIR OF BOARD.DAVID BERNSTEIN HAS STEPPED DOWN AS EXECUTIVE CHAIRMAN WITH IMMEDIATE EFFECT.  Full Article

Ted Baker says may have overstated inventory worth 20-25 mln stg
Monday, 2 Dec 2019 

Dec 2 (Reuters) - Ted Baker PLC ::TED BAKER PLC - INDEPENDENT REVIEW OF INVENTORY.TED BAKER PLC - IDENTIFIED THAT VALUE OF INVENTORY HELD ON ITS BALANCE SHEET HAS BEEN OVERSTATED..TED BAKER PLC - BOARD ESTIMATES AN IMPACT ON VALUE OF £20M TO £25M..TED BAKER PLC - BELIEVES THAT ANY ADJUSTMENT TO INVENTORY VALUE WILL HAVE NO CASH IMPACT AND WILL RELATE TO PRIOR YEARS.TED BAKER - BOARD APPOINTED FRESHFIELDS BRUCKHAUS DERINGER LLP, AND WILL BE APPOINTING INDEPENDENT ACCOUNTANTS, TO UNDERTAKE A COMPREHENSIVE REVIEW.TED BAKER PLC - ALL COSTS AND FEES ASSOCIATED WITH COMPLETING INDEPENDENT REVIEW WILL BE EXPENSED IN PERIOD INCURRED AND CLEARLY IDENTIFIED AS SUCH.TED BAKER - APPOINTED FRESHFIELDS BRUCKHAUS DERINGER LLP, WILL BE APPOINTING INDEPENDENT ACCOUNTANTS, TO UNDERTAKE REVIEW OF INVENTORY ISSUE.  Full Article

Invesco Ltd Discloses 4.27% Stake In Ted Baker As Of Nov. 25
Tuesday, 26 Nov 2019 

Nov 26 (Reuters) - Ted Baker PLC ::INVESCO LTD DISCLOSES 4.27% STAKE IN TED BAKER AS OF NOV. 25 VERSUS PRIOR STAKE OF 8.56% - FILING.  Full Article

Ted Baker Says Rachel Osborne Has Now Joined Company As CFO
Tuesday, 12 Nov 2019 

Nov 12 (Reuters) - Ted Baker PLC ::TED BAKER PLC - BOARD UPDATE.TED BAKER PLC - RACHEL OSBORNE HAS NOW JOINED COMPANY AS CHIEF FINANCIAL OFFICER.TED BAKER PLC - OSBORNE APPOINTED TO BOARD.  Full Article

Schroders Discloses 5.03% Stake In Ted Baker As Of Oct 16 Vs Prior Stake Of Below 5% - Filing
Friday, 18 Oct 2019 

Oct 18 (Reuters) - Schroders PLC ::SCHRODERS PLC DISCLOSES 5.03% STAKE IN TED BAKER PLC AS OF OCT 16 VERSUS PRIOR STAKE OF BELOW 5% - FILING.  Full Article

Ted Baker Appoints Ari Hoffman As North American CEO
Tuesday, 15 Oct 2019 

Oct 15 (Reuters) - Ted Baker PLC ::TED BAKER PLC - TED BAKER APPOINTS NORTH AMERICAN CEO.TED BAKER PLC - APPOINTMENT OF ARI HOFFMAN AS CHIEF EXECUTIVE OFFICER (CEO) OF ITS BUSINESS IN NORTH AMERICA..TED BAKER - ARI HOFFMAN WILL JOIN TED BAKER IN DECEMBER 2019.  Full Article

Baillie Gifford & Co Discloses Below 5% Stake In Ted Baker As Of Oct 1 Vs Prior Stake Of 5.01%
Thursday, 3 Oct 2019 

Oct 3 (Reuters) - :BAILLIE GIFFORD & CO DISCLOSES BELOW 5% STAKE IN TED BAKER AS OF OCT 1 VERSUS PRIOR STAKE OF 5.01% - FILING.  Full Article