Inactive Instrument

Ted Baker

Equities

TED

GB0001048619

Ted Baker : Struggling retailer Ted Baker raises £105 million to ride out pandemic

June 18, 2020 at 03:14 am EDT

Ted Baker has raised £105 million in new equity, the loss-making fashion retailer said on Thursday, amid plans to reduce cost and shift toward online sales as it struggles to ride out the coronavirus crisis.

The company, known for its suits and dresses with quirky details, said in June that it planned to offer 126.7 million shares at 75 pence each, a 51.1% discount to its closing price on May 29.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Anil D'Silva)

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Company Profile

Ted Baker plc is a United Kingdom-based global lifestyle company. The Company operates through three segments: Retail, Wholesale and Licensing. Its retail channel consists of stores, concessions and e-commerce, providing an omnichannel experience. The Company's wholesale business in the United Kingdom serves countries across the world, particularly in the United Kingdom and Europe. It also operates both territorial and product licenses. The Company offers a range of collections, including menswear, womenswear, accessories, bedding, childrenswear, eyewear, footwear, fragrance and skin wear, gifting and stationery, jewelry, lingerie, underwear and sleepwear, luggage, neckwear, rugs, suiting, technical accessories, towels, wallcoverings and watches. The Company has approximately 375 stores and concessions around the world. The Company operates primarily in the United Kingdom, Europe, North America, Middle East, Africa, Asia, and Australasia.

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