Ted Baker posted sales growth over the summer, helped by a healthy rebound in store footfall following the relaxation of Covid-19 restrictions. Ted Baker warned that traffic and sales would continue to be affected until issues with the website are resolved and could lead to certain milestones during the peak trading period being missed. Ted Baker bosses recently accepted from Authentic Brands Group (ABG), the parent company of Sports Illustrated magazine, Juicy Couture and Reebok. This was slightly below the acquisition price that Ted Baker bosses recently accepted from Authentic Brands Group (ABG), the parent company of Sports Illustrated magazine, Juicy Couture and Reebok. ABG has said it plans to divide the fashion label into two businesses; an intellectual property holding company, and another division that would look after the store, online and wholesale operations.

Source: Daily Mail September 02, 2022 20:13 UTC