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Ted Baker unveils festive results boost
TED BAKER made a seamless start to the year after yesterday announcing that mens’ tailoring helped to boost sales by more than a fifth over Christmas and New Year.
Chief executive Ray Kelvin yesterday said the clothing chain “delivered a good result” over the period with retail sales up 20.9 per cent in the 8 weeks to 5 January, compared with last year.
The group, which has been expanding rapidly overseas and in the UK, said this was driven in part by a 13.9 per cent increase in new space.
The firm also said Robert Breare has stepped down as chairman and will be replaced by independent non-executive director David Bernstein.