Position last year: 11
Ray Kelvin and his Ted Baker empire are on a roll, after another year of growth, with increases across the board and yet more expansion. Sales for the 28 weeks to August 15 increased by 24.5% to £226.8m, while profit before tax rose 14.6% to £17.8m. Continuing the strong numbers, which only seem to go up, retail including ecommerce sales were up 20.1% to £168.2m for the half year period, with wholesale sales up 39.1% to £58.6m and licence income up 16.7% to £6.4m. Womenswear, which accounts for 57.7% of total sales, increased by 22.5% to £130.9m, while menswear was up by 27.4% to £95.5m.
Not one for standing still, one of media-shy Kelvin’s latest developments was the launch in June of & Moore, a 6,000 sq ft concept store on London’s Commercial Street that showcases all the brand’s licence products, including footwear, watches, jewellery, glasses and sunglasses, bicycles and audio products. In typical Kelvin style, he also launched the & Moore store as a virtual reality concept in partnership with Avenue Imperial, offering a 3D tour of the store, enabling customers to click on certain products to buy them online.
As the highest brand entry, Kelvin is widely respected across the industry for his quirky and innovative ideas that many aspire to emulate.