BENGALURU: British fashion retailer Ted Baker said its half-year losses ballooned as coronavirus-led lockdowns dented retail sales, and warned of more pain from a no-deal Brexit as the European Union divorce deadline loomed.
The coronavirus crisis compounded difficulties for the company, which had been hit by profit warnings, management changes and an accounting scandal since founder Ray Kelvin stepped down as CEO in 2019 after misconduct allegations, which he denies.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!