Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Ted Baker Plc    TED   GB0001048619

TED BAKER PLC

(TED)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Ted Baker : tale of management and accounting woes

02/26/2020 | 07:50am EST

Troubled fashion retailer Ted Baker said on Wednesday it would cut 102 jobs and remove another 58 posts, which are currently vacant, at its head office to reduce costs.

The company opened its first store in Glasgow in 1988 with quirky details on suits, shirts and dresses helping it to stand out from retail rivals and grow to its 560 stores and concessions globally.

Ted Baker has, however, seen its fortunes turn for the worse after allegations against former chief executive and founder Ray Kelvin relating to his habit of hugging business colleagues surfaced in 2018. Kelvin denies any improper conduct.

Following is a timeline of challenges the retailer has faced since then:

DECEMBER 2018

Ted Baker says it will investigate claims against Kelvin relating to his habit of hugging business colleagues.

DECEMBER 2018

Kelvin takes a voluntary leave of absence while allegations about his conduct were being investigated.

MARCH 2019

Kelvin resigns as chief executive, seeking to allow the fashion brand he founded to move on from misconduct allegations.

MARCH 2019

Ted Baker reports its first drop in annual profit since the 2008 financial crisis, highlighting tough conditions on Britain's high streets.

APRIL 2019

Ted Baker names company veteran Lindsay Page as its boss, also introducing changes to workplace standards.

JUNE 2019

The company warns that underlying profit for the year will fall short of analysts' estimates after an "extremely difficult" start to 2019.

JULY 2019

Media reports say Kelvin would support a private equity buyout months after he quit over allegations of misconduct.

SEPTEMBER 2019

Ted Baker appoints Debenhams veteran Rachel Osborne as its new finance chief.

OCTOBER 2019

Ted Baker issues its second profit warning in four months on the back of what it calls the worst business conditions in decades.

DECEMBER 2019

Ted Baker says it may have overstated inventory by as much as 25 million pounds.

DECEMBER 2019

Ted Baker's CEO Lindsay Page and Chairman David Bernstein, make a sudden exit as it issues another profit warning and suspends its dividend.

JANUARY 2020

An accounting scandal at Ted Baker is more than twice as big as initially estimated, the British fashion retailer said.

JANUARY 2020

Ted Baker said non-executive director Jennifer Roebuck will become chief customer officer, a newly created role, and that the search for a permanent chief executive officer and chairman was still in progress.

(Reporting by Noor Zainab Hussain and Aniruddha Ghosh in Bengaluru; Editing by Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CARNIVAL CORPORATION & PLC -0.62% 20.79 Delayed Quote.-4.02%
TED BAKER PLC -1.90% 113.5 Delayed Quote.-0.43%
All news about TED BAKER PLC
01/12TED BAKER : Confirms Some Staffers Still Report to Office Despite UK Lockdown
MT
2020Frasers Group may rescue UK chain Debenhams
RE
2020Ted Baker Logs Bigger H1 Attributable Loss As Revenue Drops 46% Amid COVID-19
MT
2020TED BAKER : UK's Ted Baker cuts jobs as losses balloon and Brexit looms
RE
2020TED BAKER : UK's Ted Baker cuts jobs as losses balloon and Brexit looms
RE
2020TED BAKER : Fashion brand Ted Baker H1 loss widens as virus hits retail sales
RE
2020Earnings Flash (TED.L) TED BAKER Reports H1 Revenue GBP169.5M
MT
2020Earnings Flash (TED.L) TED BAKER Posts H1 EPS GBX-64.1
MT
2020JD Sports restores outlook as sales start to recover
RE
2020London stocks join Europe rally after bumper stimulus; Ted Baker surges
RE
More news
Financials
Sales 2021 362 M 493 M 493 M
Net income 2021 - - -
Net Debt 2021 52,9 M 72,0 M 72,0 M
P/E ratio 2021 -2,30x
Yield 2021 -
Capitalization 213 M 290 M 290 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,47x
Nbr of Employees 3 621
Free-Float 87,3%
Chart TED BAKER PLC
Duration : Period :
Ted Baker Plc Technical Analysis Chart | TED | GB0001048619 | MarketScreener
Technical analysis trends TED BAKER PLC
Short TermMid-TermLong Term
TrendsNeutralBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 157,00 GBX
Last Close Price 115,60 GBX
Spread / Highest target 73,0%
Spread / Average Target 35,8%
Spread / Lowest Target 12,5%
EPS Revisions
Managers and Directors
NameTitle
Rachel Claire Elizabeth Osborne Chief Executive Officer & Director
Robert John Orr Barton Non-Executive Chairman
David Wolffe Chief Financial Officer
Andrew R. Jennings Independent Non-Executive Director
Helena Joan Feltham Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
TED BAKER PLC-0.43%290
INDUSTRIA DE DISEÑO TEXTIL, S.A.0.61%98 564
FAST RETAILING CO., LTD.-2.44%88 841
KERING SA-4.86%85 296
ROSS STORES, INC.-4.76%41 695
HENNES & MAURITZ AB7.27%36 406