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PRESS: Ted Baker Shares Surge On Private Equity Buyout Report.

(Alliance News) - Shares in Ted Baker PLC surged to the top of the FTSE 250 on Monday after the Sunday Times newspaper reported that the company's founder Ray Kelvin could back a private equity buyout of the fashion retailer.

The newspaper reported that Kelvin, who resigned as chief executive over claims he presided over a culture of "forced hugging", would support a buyout that would take the company private under the existing management. Kelvin owns around a third of Ted Baker.

The stock was up 7.9% at 904.43 pence the best performer in the FTSE 250 on Monday.

https://www.thetimes.co.uk/article/former-boss-ready-to-dress-ted-baker-for-private-party-xd6583zmk

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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Publication:Alliance Newswire
Date:Jul 22, 2019
Words:121
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