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Raymond Stuart Kelvin CBE (born on 11 December 1955 [1] in north London) [2] is the founder and former chief executive of the retail clothing company Ted Baker. [3] [4] He started working in his uncle's menswear shop in Enfield at the age of eleven [5] and founded the Ted Baker brand in 1988 when he opened a shop specialising in men's shirts in Glasgow.
Ted Baker has not updated their company timeline since 2018. [5] In April 2024, Ted Baker's administrators, Teneo, announced the closure of 15 Ted Baker shops across the UK, with 245 redundancies, leaving Ted Baker with 31 stores and 564 staff in UK and Ireland, as Teneo attempt to find a buyer to rescue the remains of the business. [9]
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Number of shops Type of shop Notes 7 for All Mankind ... Ted Baker: 1988. Private company 42. ... London, the business expanded into mail order in 1999 and online ...
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Dominic went on to add that the current cost of living crisis is causing problems, and that the company also faced challenges with shipping costs. To mitigate this, the retailer focused instead on its eCommerce efforts, resulting in an uplift of +58.2% in online sales. Its benefits scheme, meanwhile, now has 5.9m Hobbycraft Club members. [22]
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