Ted Baker likely to follow fashion with flotation

Ted Baker, the fashion retailer, has been searching the market for financial public relations advice as it prepares for a stock market flotation later this year.

Ted Baker, the fashion retailer, has been searching the market for

financial public relations advice as it prepares for a stock market

flotation later this year.



The company invited at least three agencies to pitch several weeks ago,

but it is unclear whether an appointment has yet been made.



Financial director Lindsay Page declined to say if Ted Baker had hired

an agency, but he conceded that a future stock market flotation might be

a possibility.



’If something were happening and an official position was made we would

issue an announcement,’ he said. ’The owners consider their options

quite frequently. Flotation is an obvious option that they might

consider.’



Founded by chief executive Ray Kelvin in 1988, Ted Baker was sold to the

Goldberg Group in 1989 but was bought back by Kelvin and other backers

in a management buyout in 1990.



The company sells its range of men’s, women’s and children’s casual

clothing through 14 stores in the UK. A stock market flotation would

provide extra capital to expand the chain internationally.



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