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 Heavy metal producer's corpse to be mutilated by models as per his dying wish
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 Nineteen-year-old student left gifts for parents before taking her own life
- 4 Deliberately urinating before sex can increase risk of urinary tract infections
Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
'Je suis Muslim': Hundreds rally in Australia over portrayal of Islam and Prophet Mohamed
AirAsia QZ8501: Black box reveals warning alarms 'screamed' before crash, as more bodies recovered from near fuselage of jet
Nineteen-year-old student left gifts for parents before taking her own life
Isis Japanese hostages: Video purports to show Haruna Yukawa executed and second hostage Kenji Goto with new terms for release
British Muslim leaders outraged after Eric Pickles says followers of Islam should 'prove their identity'
UK terror fears: My jihadist son returned from Syria mentally scarred – now he is being ignored
Nigel Farage: NHS might have to be replaced by private health insurance
Billy Crystal: 'Stop shoving gay sex scenes in my face'
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
David Cameron says anyone criticising Eric Pickles' letter to Muslims 'really has a problem'
iJobs Money & Business
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...
£16000 - £25000 per annum: Recruitment Genius: This is an exciting opportunity...
£45000 - £47000 per annum + bonus + benefits: Ashdown Group: Java Developer / ...
£35000 - £38000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...