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Ted Baker sales soar in spite of 'hugging probe'

Jan 10, 2019 - City A.M.

TED BAKER saw its shares skyrocket yesterday after it reported double-digit sales growth over the festive period, proving resilient to retail fears and an investigation into its founder.

The fashion brand said retail sales increased 12.2 per cent in the five weeks to 5 January compared with the same period last year.

The growth was spurred on by strong online sales, which were up 18.7 per cent and represented more than a quarter of all retail sales.

Shares in the company rose m...