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Sticking with the EU best for business, says Ted Baker boss

By Ravender Sembhy

Published 15/06/2016

A model in one of the fashion company Ted Baker lines
A model in one of the fashion company Ted Baker lines

Britain staying in the European Union would be the best decision for Ted Baker, the company's chief has claimed.

Founder and chief executive Ray Kelvin told the Press Association that remaining would provide "certainty, continue free trade and ensure the easy movement of products".

Ted Baker operates one standalone store in Belfast's Victoria Square Shopping Centre, as well as a concession in House of Fraser.

"We're ready for any decision that's made," Mr Kelvin said. "However, it's better for Ted Baker that we stay in."

Mr Kelvin was speaking alongside the retailer's first-quarter trading update, which saw the firm post an 11.3% increase in revenues, shrugging off fears of a high street slowdown.

The luxury clothing firm said retail sales rose 12.7%, while online transactions rocketed 32.3%, as it hailed the strength of its brand in "challenging external trading conditions".

"We've had so many things this year - the economy, terrorism, weather, Brexit, oil prices, you name it," Mr Kelvin said. "But we've come through it by focusing on the product, being well-organised and not having too many shops in one area."

The retailer also extended its international reach over the period, opening stores in Beijing, Ottawa and Seattle, and concessions in France, Germany, Japan and Spain.

Belfast Telegraph

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