BAKER BUYOUT BOOST; DMUULS graham.hiscott@mirror.co.uk @grahamhiscott 020 7293 3030 mirror.co.uk/business Edited by GRAHAM HISCOTT FINANCE MUULS M T mirror.co.uk TUESDAY 23.07.2019 DAILY MIRROR 31.
Byline: GRAHAM HISCOTT
Fashion firm Ted Baker's shares rocketed more than 13% yesterday after reports its founder could back a buy-out.
Publicity shy Ray Kelvin quit in March after allegations - which he denied - of misconduct and subjecting staff to "forced hugging".
BIG HOLDING Ray Kelvin remains Baker's biggest investor, with a near 35% holding.
Reports say he is prepared to throw his significant stake behind a buy-out that would take the firm private but still leave the existing management team in charge.
Despite yesterday's surge, Ted Baker's share price is still down 70% since March last year.
CAPTION(S):
BIG HOLDING Ray Kelvin
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| Title Annotation: | Features |
|---|---|
| Publication: | The Mirror (London, England) |
| Date: | Jul 23, 2019 |
| Words: | 103 |
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