Going global helps Ted Baker to fashion sales of £296m – with a third of revenue now from outside Europe – This is Money
Fashion darling Ted Baker has stitched up one other enhance in earnings as plans to create a global fashion enterprise start to repay, the corporate is anticipated to say this week.
It has opened shops in dozens of international locations from Australia to Azerbaijan and now makes a third of its revenue outside Europe.
Scott Ransley, an analyst at dealer Stifel, stated he expects the agency to say on Tuesday that revenue within the six months to the tip of July elevated 13 per cent to £24.three million.
Fashion darling Ted Baker has stitched up one other enhance in earnings as plans to create a global fashion enterprise start to repay, the corporate is anticipated to say this week
Group sales rose 14 per cent to £296 million, round £100 million of which got here from its personal retailers and concessions in different shops outside the UK and Europe, he forecasts.
The corporate’s success has been pushed by the eccentric chief govt Ray Kelvin, who is usually described as ‘the closest man to Ted’.
Many acquainted with the fashion agency say over the previous 30 years the manager and the imaginary Ted Baker have grow to be virtually indistinguishable.
The corporate is price £.2 billion after the shares fell by about a quarter prior to now two years.
However Ransley stated: ‘Ted Baker has already proved its worldwide development credentials and is a distinctive premium model that is much less weak to mainstream on-line competitors.’