Ted Baker

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Ted Baker plc
Public limited company
Traded asLSETED
IndustryApparel stores
FoundedGlasgow (1987)
Headquarters,
Key people
Lindsay Page (Acting Chief Executive); Ray Kelvin CBE (CEO, on leave of absence from December 2018)
ProductsMen's clothing, Women's clothing, Children's clothing
Revenue£591.7 million (2018)[1]
£70.7 million (2018)[1]
£52.7 million (2018)[1]
Websitewww.tedbaker.com
Ted baker footwear animation
Ted baker footwear animation

Ted Baker plc is a British luxury clothing retail company. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

Ted Baker's founder and CEO, Ray Kelvin, started his first store in March 1988 in Glasgow, and opened further stores in Manchester, and Nottingham.[2] In 1990 Ted Baker opened a store in Covent Garden (with additional stores in London's Soho, Nottingham and Leeds) and Kelvin bought the company outright from part-owners Goldberg and Sons.[2] A new range, Ted Baker Woman, was launched in 1995.[2]

The company purchased its headquarters in London for £58.25 million in summer 2017.[3]

Stores in the United Kingdom[edit]

Ted Baker store, Brompton Road, London, 2016

Ted Baker has a number of stand-alone stores in the UK. The Ted Baker range is also sold by other retailers (which it refers to as Ted Baker Trustees), in particular in stores of the John Lewis Partnership and House of Fraser. Ted Baker also has stores at Bicester Village Retail Outlet, Swindon Designer Outlet, Romford Market, Portsmouth's Gunwharf Quays and Cheshire Oaks Designer Outlet. There is a Ted Baker concession in all Selfridges & Co stores; London, Birmingham, Manchester and the Trafford Centre.[2]

Ted Baker has 490 stores and concessions worldwide: 192 in the UK, 98 in Europe, 111 in the US and Canada, 80 in the Middle East, Africa and Asia and 9 in Australia.[1]

International stores[edit]

Ted Baker has stores and outlets in the rest of Europe, the United States, Canada, Australia, Asia, South Africa and the Middle East. It opened a store on Fifth Avenue in New York City in August 2012.[4]

Wholesale operations[edit]

Ted Baker has expanded its high street presence through its wholesale business which includes Australia, New Zealand, the United States, Canada, Norway, Greece, Spain, the Netherlands, Belgium, as well as the British Isles. Wholesale operations commenced in 1994 through careful selection of retail stores.[2]

Leadership[edit]

In response to an online petition started by a former employee alleging that Kelvin had hugged employees inappropriately,[5][6] it was announced on 7 December 2018 that Kelvin is taking voluntary leave of absence from the company and that Lindsay Page is acting as chief executive.[7][8]

References[edit]

  1. ^ a b c d "Preliminary Results 2018" (PDF). Ted Baker. Retrieved 30 March 2018.
  2. ^ a b c d e "Our Timeline". Ted Baker. Retrieved 16 December 2011.
  3. ^ "Is there more growth from Ted Baker after 2,300% return in 20 years?". Walbrock Research. 6 June 2017. Retrieved 6 June 2017.
  4. ^ Thompson, James (12 June 2012). "Jubilee celebration gives Ted Baker a lift". Evening Standard. Retrieved 12 June 2012.
  5. ^ "Ted Baker staff launch petition over 'forced hugging'". BBC News. 2 December 2018. Retrieved 2 December 2018.
  6. ^ "Scrap the forced 'hugs' and end harassment at Ted Baker". platform.organise.org.uk. Retrieved 30 November 2018.
  7. ^ "Chief Executive Officer – Leave of Absence" (Press release). London: Ted Baker plc. 7 December 2018. Ray Kelvin has agreed, for the benefit of the business and the people who work in it, that he will take a voluntary leave of absence from his role with the Company while these allegations are investigated. The Board has appointed Chief Operating Officer Lindsay Page as acting CEO with immediate effect while Ray Kelvin remains on leave.
  8. ^ "Ted Baker boss takes leave of absence". BBC News. 7 December 2018. Retrieved 7 December 2018.

External links[edit]