News about Ray Kelvin

How Ted Baker emerged: With clubbing shirts and floral prints on the 90s high street, but founder Ray Kelvin's 'hugging culture' rumors and the internet shopping revolution derailed Ted Baker's debut

www.dailymail.co.uk, March 20, 2024
Ted Baker has established himself as one of Britain's most influential retailers since the 90s, with boutique-style stores in high streets throughout the UK and a burgeoning following in the United States. This week, administrators were called in, placing 86 stores and hundreds of workers in danger, just five years after founder Ray Kelvin was accused of bullying employees. So, how did the brand that majors in bright, interesting shirts for men and chic, floral dresses for women, and enjoyed a celebrity following, find itself in such a precarious position? (Pictured from left: Ted Baker clothing.) Far right: Founder Ray Kelvin)

Fashion retailer Ted Baker 'calls in administrators' putting 86 stores and hundreds of jobs at risk

www.dailymail.co.uk, March 19, 2024
BREAK: Ted Baker, a luxury chain, has called in the administrators, putting 86 stores and hundreds of jobs at risk. No Ordinary Designer Label, a company owned by the Authentic Brands Group (ABG) and trades as Ted Baker, has received a note of the intent to appoint administrators Teneo Financial Advisory today. According to Sky News, going into administration is expected to result in closures of stores and job losses.

Rachel Osborne, the ex-Ted Baker CEO, has been named as a non-executive director by Ocado

www.dailymail.co.uk, June 27, 2023
Ted Baker's former chief executive is expected to serve on the board of Ocado Group, amid rumors that the online retailer is up for retakeover. Rachel Osborne left Ted Baker earlier this month after three and a half years as the company's head of the high street fashion brand.

As a fashion brand is sold for £211 million, Ted Baker's founder plans a new venture

www.dailymail.co.uk, August 16, 2022
Yesterday, Ray Kelvin, who founded the fashion brand in Glasgow in 1998 and now holds an 11.5% interest, supported a cut-price takeover by Reebok's owner, Authentic Brands Group. Kelvin's interest was valued at £23.3 million by the 110p-a-share bid, which was backed by the Ted Baker board.

Ted Baker has agreed to the Reebok owner Authentic Brands' £211 million takeover

www.dailymail.co.uk, August 16, 2022
Authentic Brands' 110p per share bid, which has already secured the support of more than half of shareholders, is priced at an 18 percent premium over Ted Baker's closing price of 93.10p. Despite this, it is much cheaper than the 160p that Authentic Brands was expecting to sell in May.