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Ted Baker/Ray Kelvin: clinging on

Ray Kelvin hid all or part of his face in publicity shots. Ted Baker, the quirky UK fashion chain he founded, would go incognito too if he leads a buyout. The public markets brought unwelcome exposure for both. Since Mr Kelvin resigned in March following allegations of unwanted hugging, the shares have more than halved. The stock rose 15 per cent on Monday in response to bid rumours. Chances are slim of investors recouping all their losses in this former mid-cap stock market darling.

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