Shares in Ted Baker surged yesterday as investors seized on speculation that the founder of the struggling high street fashion retailer is considering backing a bid to take it private.
Ted Baker rose 113p, or 13.5 per cent, to 951p after a report over the weekend that Ray Kelvin, 63, has indicated that he will use his 35 per cent stake in Ted Baker to support a private equity buyout with existing management staying in place.
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