Fashion > Men

Investors buy large shares in Ted Baker, but the odds are stacked against a comeback

1 month ago   |   By You Gov

Last year was a torrid time for the fashion chain Ted Baker. Beginning with the resignation of CEO and founder Ray Kelvin, who was accused by current and former staff of harassment and ‘creating a culture of bullying', the subsequent costly legal investigation led to three profit warnings during 2019 and the company reported losses of £23 million.
Ted Baker's troubles haven't ended there either; the chain warned its stock value had been overestimated between £20-25million, causing its share price to tumble.
Recently, though, investors have bought back into the company, suggesting they're...
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