Ted Baker group FD tries COO role on for size

by Richard Crump

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10 Jul 2014

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CLOTHING and accessories retailer Ted Baker has promoted group finance director Lindsay Page to chief operating officer.

Page will continue as group FD in addition to the COO role, while company secretary Charles Anderson has been appointed as finance director of the company's subsidiaries.

David Bernstein, non-executive chairman, at Ted Baker said: "We are pleased to announce these promotions, which will support Ted Baker as we continue to develop the brand globally."

Last month, the fashion brand announced an 18% rise in sales as it reported its first full quarter of growth in four years, driven by 48.1% growth in its online business and expansion overseas where it has been opening more stores in the US, Spain, France the Netherlands and Japan.

Retail sales for the period were 15.8% the same period last year, while wholesale revenues were up 25.2%, reflecting a good performance from its UK and export business and a strong performance from the US wholesale business.

Ted Baker's founder Ray Kelvin said the brand had continued to "perform very well" and that it had "delivered further progress across our global markets and distribution channels".

Shares in Ted Baker were down 1.2% to £17.42 in morning trading on the London Stock Exchange.

For more share information visit the share price centre

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