Ray Kelvin unlikely to maintain his 35% shareholding at its current size. The Ted Baker founder Ray Kelvin’s 35% shareholding in the fashion retailer is expected to be diluted after he backed an emergency £105m fundraising to get the business through the coronavirus pandemic. […] It is thought that Kelvin is unlikely to maintain his 35% stake at its current size, although he is expected to take part in the fundraising, according to a person with knowledge of the discussions. […] In delayed results, Ted Baker reported a loss before tax of £79.9m in the year to 25 January, before the pandemic started to affect sales, and a 1.4% fall in revenues. […] Amid a tough retail environment, Ted Baker announced a string of profit warnings over the course of the year, as well as an audit error in which it overestimated the value of clothes in its warehouses .
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