Ted Baker PLC (TED.L)
13 Dec 2019
Tue, Dec 10 2019
* U.S., China trade arbiters plan for delay of Dec tariffs - WSJ
Ted Baker's troubles deepened on Tuesday with the sudden exit of the British fashion retailer's chief executive and chairman as it issued another profit warning and suspended its dividend, sending its shares tumbling to a 16-year low. | Video
Ted Baker's chief executive and chairman quit on Tuesday as the British fashion retailer warned its full-year profit will fall more than expected and suspended its dividend due to weak Black Friday sales, sending its shares to a 16-year low. | Video
* Suspends dividend (Adds analyst comments, details on review, outlook, background)
Dec 10 British fashion retailer Ted Baker Plc said on Tuesday Lindsay Page will step down as chief executive officer and Chief Financial Officer Rachel Osborne will move into the role on an interim basis, effective immediately. (Reporting by Tanishaa Nadkar in Bengaluru; Editing by Bernard Orr)
British fashion retailer Ted Baker said it may have overstated inventory by as much as 25 million pounds ($32.08 million) and appointed an independent law firm to take stock of unsold goods, kicking its shares to their lowest in a decade.
* Shares fall 15% to lowest in 10 years (Adds analyst comment, share move, background)
Shares in Ted Baker shed more than a third of their value on Thursday, after the British fashion retailer's second profit warning in four months on the back of what new boss Lindsay Page called the worst business conditions in decades.
* Warns on full-year profit for second time (Recasts, adds executive, analyst comment; updates shares)
Oct 3 British fashion retailer Ted Baker Plc reported a first-half pretax loss and warned of a slow start to the second-half of the year on Thursday, hurt by unseasonably warm weather, heavy discounting by competitors and weak consumer demand.