22nd Jul 2019 08:44
(Alliance News) - Shares in Ted Baker PLC surged to the top of the FTSE 250 on Monday after the Sunday Times newspaper reported that the company's founder Ray Kelvin could back a private equity buyout of the fashion retailer.
The newspaper reported that Kelvin, who resigned as chief executive over claims he presided over a culture of "forced hugging", would support a buyout that would take the company private under the existing management. Kelvin owns around a third of Ted Baker.
The stock was up 7.9% at 904.43 pence the best performer in the FTSE 250 on Monday.
https://www.thetimes.co.uk/article/former-boss-ready-to-dress-ted-baker-for-private-party-xd6583zmk
Related Shares:
TED.L