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The new manufacturers The new manufacturers

A great British renaissance has been taking place. From Aberdeen to the West Country, the zing is back in manufacturing. It’s about time this spectacular story was told.

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Good growth for Ted Baker

by Catherine Woods - Friday, 3rd October 2008 -

Good growth for Ted Baker

Ted Baker founder Ray Kelvin says the clothing retailer remains “understandably cautious” about the second half of the year despite posting a 8.2 per cent increase in revenue to £71.6m.

For the 28 weeks to 9 August, pre-tax profits also lifted 5.4 per cent to £7.4m. Kelvin, the enigmatic entrepreneur who founded Ted Baker in 1988, attributes the performance to “the strength of the Ted Baker brand combined with our successful multi-channel distribution strategy and careful international expansion”.

However, he adds: "The board is mindful of the uncertain economic environment and we remain understandably cautious about trading in the second half of the year."

The company's share price dropped following Kelvin's comments about the economy.

Ted Baker's results follow news from Asos that its sales have soared by 104 per cent for the six months to September 30.

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