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Ted Baker builds war chest for new era

The retailer flagged a difficult consumer environment and a host of internal issues
Ted Baker builds war chest for new era

Ted Baker (TED) will raise as much as £105m via a share placing and an offer for subscription, as new management bids to revive the ailing fashion retailer after a torrid year that included a £58m overstatement of its inventory and the departure of former chief executive Ray Kelvin over allegations of impropriety.

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