Ted Baker boss can go up the aisle in style
Thursday 22 March 2012
Ray Kelvin, the founder of the fashion chain Ted Baker, is marrying his long-term girlfriend Clare this weekend and is almost more excited about that than the company's 12 per cent rise in profits last year.
"I'm really excited about the wedding," he exclaimed. "I've lost a lot of weight because she said I had to. And the business is going brilliant."
The wedding should go with a swing, given the 14 per cent hike in the full-year dividend to 23.4p a share – Mr Kelvin, the business's largest shareholder, picks up a cheque for £3.84m, somewhat dwarfing his 2010 pay packet of £521,000.
Ted Baker's sales grew 15 per cent to £216m in the past financial year with headline profits of £27.1m.
The strongest growth came from the United States, where store sales jumped almost 70 per cent to $34.9m. The 182 UK outlets increased sales by 9 per cent to £149m.
So far this year the group has opened its first shop in Japan and its first concession in South Korea.
It will also be opening shops on Brompton Road in London and Fifth Avenue in New York later in the year.
- 1 Jeremy Clarkson 'sees no problem' with his racist language on Top Gear, says BBC
- 2 'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
- 4 London restaurant 34 creates champagne glass modelled on Kate Moss’ left breast
- 5 ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
'Alien thigh bone' on Mars: Excitement from alien hunters at 'evidence' of extraterrestrial life
Russell Brand opposes anti-Semitism after death threats: 'We must disavow all forms of prejudice that lead to exclusion and execution'
James Foley 'beheaded': Isis video shows militant with British accent 'execute US journalist' – as hunt begins for killer
ALS ice bucket challenge co-founder Corey Griffin drowns, aged 27
Microbial life found living on the exterior of the International Space Station, say reports
Richard Dawkins on babies with Down Syndrome: 'Abort it and try again – it would be immoral to bring it into the world'
Scottish independence: English people overwhelmingly want Scotland to stay in the UK
Isis threat: Cameron wants an alliance with Iran
Michael Brown shooting: Chaos erupts on the streets of Ferguson after autopsy shows teenager was shot six times – twice in the head
Bin bag full of cats' heads discovered near Manchester's Curry Mile
Disgusting, frustrating, but intriguing: how the country really feels about its politicians
iJobs Money & Business
£30000 - £40000 per annum + benefits+bonus+package: Harrington Starr: C#.NET ...
£20000 - £30000 per annum + benefits+bonus+package: Harrington Starr: Junior D...
£550 - £650 per day: Orgtel: Business Analyst - Traded Credit Risk - Investmen...
£55000 per annum: Harrington Starr: A financial software vendor at the forefro...