Ted Baker is boosting its licensed business further and has entered a global deal with Timex “to underpin its own global plans with a unique offering in watches that complements its apparel and accessory collections.”
Ted Baker continues to power ahead in e-tail but the hot summer hurt its retail stores and the company admitted the environment is still challenging, although it remains one of the top performers in the fashion sector.
Pentland Group may be expanding its footwear ops in deals with brands such as Karen Millen and Lacoste, but it’s losing its Ted Baker license as that company buys its UK and US footwear ops and takes them in-house.
The UK's Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined a senior partner for misconduct related to auditing of British fashion retailer Ted Baker's accounts.
Heartland, the holding company of fashion retail giant Bestseller is continuing its strategy of boosting its interests in businesses with growth potential and said Wednesday that it’s investing in Ivy & Oak.