Powered by

Ted Baker plans 95 mln pound stock issue after results slump

Jun 01, 2020 - Nasdaq

A dds quote, background June 1 (Reuters) - Fashion brand Ted Baker TED.L on Monday rolled out plans to raise 95 million pounds ($117.84 million) through a stock issue to help it ride out the challenges posed by the coronavirus, after reporting a loss of 79.9 million pounds for the year to January. The company, known for suits, shirts and dresses with quirky details, laid out a transformation programme under its new Chief Executive Rachel Osborne as it strives to put a year marred by internal t...