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Struggling Ted Baker extends credit line to help fund digital revamp

After a devastating year, the retailer is forging ahead with plans to keep up with the rise of e-commerce
Struggling Ted Baker extends credit line to help fund digital revamp
  • Ted Baker has extended its revolving credit facility by over a year, although the total money available from its creditors has been cut
  • The retailer wants to boost its online focus and increase its stock turnover, but investors are losing confidence

High street retailer Ted Baker (TED) has extended its credit line by over a year as it looks to fund an overhaul of its struggling business. 

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