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TBAKF - Why Ted Baker Has Been A Disaster And A Gift In Equal Measure
Ted Baker Ord
Any investment which loses more than 95% of its value can only be described as a disaster. However, the lessons learned from this disaster are so powerful I would have to describe Ted Baker as a gift, albeit a painful one.
Key points
Ted Baker produced consistent, rapid growth for many years
Ted’s growth was largely funded by banks and landlords rather than shareholders
External funding was used to drive growth because of Ted’s weak profitability
Even before the pandemic, Ted had more debt and leases than it could comfortably afford.