Fashion

Ted Baker founder Ray Kelvin considers backing buyout

By 2019-07-22T06:11:00

Ray-Kelvin

Ted Baker founder and former chief executive Ray Kelvin is mulling support for a private equity buyout of the company, just four months after leaving following allegations of sexual harassment.

 The potential deal comes at a time of tough trading for fashion retailers, including Ted Baker. Its shares have fallen to £8.38 at the end of last week, meaning it could theoretically be bought for little more than £242m.

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