However, chief executive Ray Kelvin admitted the group has not been 'immune' to the present sector downturn. Growth slowed in the second half, despite the seven weeks of trading to October 1 being up 4.7 per cent on last year.
Aided by successful international expansion into the US this year, Ted Baker experienced a 16.6 per cent sales growth to£35.7 million for the 28 weeks to August 13. Pre-tax profit for the same period was up by 12.4 per cent.
Ted Baker's Asian foray includes the signing of a territorial licence with the Li & Fung group for retail and wholesale distribution in Hong Kong, Macau, China, Taiwan and South Korea.
Kelvin said of the move: 'This represents a significant step in our long-term strategy to develop a global brand.'
No comments yet