Ted Baker Share Discussion Threads

[powereddrones] 08/4/2024 18:11

Iconic British brand Ted Baker announces 15 stores to shut within just days after plunging into administration - is YOUR local on the list?

[shinnas] 19/3/2024 17:32

All lucky they got sold...otherwise
...

[powereddrones] 19/3/2024 17:30

hxxps://news.sky.com/story/hundreds-of-jobs-at-risk-as-ted-baker-calls-in-administrators-13097959

Hundreds of jobs at risk as Ted Baker calls in administrators

The fashion retailer has filed a notice of intention to appoint administrators weeks after a licensing partnership was abandoned, Sky News understands.

Hundreds of high street jobs are at risk after Ted Baker’s British operations veered to the brink of administration.

Sky News has learnt that No Ordinary Designer Label, which trades under the Ted Baker brand, filed a notice of intention to appoint Teneo Financial Advisory as administrators on Tuesday.

The move is expected to result in store closures and job losses, although the scale of both was unclear.

Although jobs are at risk, no redundancies would be announced on day one of the insolvency process, according to a source.

It comes roughly 18 months after Ted Baker delisted from the London stock market after being bought by ABG for about £210m.

A subsequent brand licensing partnership with AARC, a Dutch company, was recently abandoned amid a dispute between the parties.

Sources said Ted Baker would continue to trade during the insolvency process.

The retailer's torrid period began in 2019 when founder Ray Kelvin left amid claims of inappropriate behaviour towards female colleagues.

[niklol] 05/10/2022 08:10

Sorry just ignore my question! You told me already! Thanks.

[niklol] 05/10/2022 07:53

Extremely low.
Where did you get the info from please?

[koolcat1] 04/10/2022 21:21

Surprising yes, only 27 shareholders voted against the takeover.

[niklol] 01/10/2022 14:55

I'm shocked that it was such a high percentage in favour

[niklol] 01/10/2022 14:48

Really! So sorry, I didn't think we would know the outcome so soon.
Thanks for the info.

[koolcat1] 01/10/2022 13:50

That is what I was referring to. The takeover was approved by 98% of votes cast. Ted to be delisted this month and the payments distributed around 4th November.

[niklol] 01/10/2022 11:39

I meant the shareholders vote 29th September.

[koolcat1] 30/9/2022 13:48

The announcement is there on RNS and on Ted Baker's investor website. 98% in favour (in number of votes).

[niklol] 29/9/2022 19:31

I wonder when we shall know the results of todays voting?

[kibes] 28/9/2022 10:48

Burberry is up a lot today. The market for luxury goods seems to be going strong.

[blackhorse23] 14/9/2022 22:28

https://www.google.com/amp/s/capital.com/amp/cury-currys-share-price-double

[toffeeman] 14/9/2022 08:22

Me too but it won't make a difference - this is a done deal (unfortunately)

[buoycat] 14/9/2022 08:11

I have placed my vote... against. £200 million for a strong international brand with recovery potential seems much too low in my view

[aringadingding] 09/9/2022 17:22

niklol, not sure. I guess if 50% of remaining shareholders rejected it there could be a new management team brought in as a consequence of that, which could be a good thing. Aside from that investors must be wondering why other major investors have approved it, and they don't know.

[niklol] 05/9/2022 18:42

Nothing is over until the fat lady sings!

[niklol] 05/9/2022 18:39

Many thanks.
Do you reckon this takeover will go ahead?

[aringadingding] 05/9/2022 11:20

Niklol, shareholder vote is on 29th September.

If you read this, I suspect this is quite an insightful analysis of where the company presently is, and what it needs to do going forwards:

hxxps://www.thedrum.com/news/2022/08/18/it-s-drab-and-half-hearted-why-ted-baker-needs-marketing-overhaul-survive

In essence, it needs to keep the good points about it's brand heritage but make it relevant to the modern market somehow, and also go back to basics in terms of its offering (as per McDonalds, Tesco etc.).

The question before us, really, is whether that is a difficult challenge or not. It is probably easier as a private company, sure, but whether it is difficult or not is a separate question. For me, I can't really see that it is very difficult. This is why what the Chair and CEO have delivered is pretty embarrassing for them.

Unless there is a lot more to the picture than we can perceive from the outside, I suspect this is an embarrassment that will live with them for a long time. The new private owners are buying 1) a platform and 2) brand heritage. They can then just spend as much as they like to get all the systems really humming, refresh the brand (as per above) and then just start selling stuff internationally. As a brand with heritage it just has so much potential.

Maybe Tosca are keen to sell out as they don't fancy another fundraise and see that as a risk. New owners see it as an opportunity I'm sure.

[niklol] 02/9/2022 10:01

Are we still getting a chance to vote?
If so anyone know when.
Ted Baker update today stores revenue up 20%

[qsmeily456] 20/8/2022 16:59

I don't really understand why the board is recommending it.

Because the deal they've agreed for them is better so they reject a much higher 1 because it shafts the BOD 🤣

YOU LOT need to reject this 1....trading is bad 🤣🤣🤣🤣

[qsmeily456] 17/8/2022 16:33

Oh dealy you've been rogered again 🤣🤣🤣

[niklol] 17/8/2022 10:05

Many thanks for responses to my post.
I personally will wait in hope! I am in profit by about £30 so worth taking a chance I feel!!!
Best of luck to us all