TED BAKER BUCKS FASHION GLOOM

BRITISH fashion brand Ted Baker said yesterday it had seen strong third-quarter retail sales growth, as group revenues rose 7.8 per cent in the 13 weeks to 12 November. Retail sales increased 12.3 per cent but were offset by a fall in wholesale sales, which were down 4.7 per cent on the same quarter last year. Ted Baker is planning several international store openings, including outlets in Tokyo, Beijing and on Fifth Avenue in New York.