LONDON, March 10 (Reuters) – Not agreeable with bearing arbitrary jackets or floral cut dresses, British accouterment cast Ted Baker has fabricated a move into autogenous architecture with ‘Ted styled’ apartments.
The close said on Tuesday it had active a accord with acreage accumulation THAT BCL, majority endemic by Ted Baker’s architect and CEO Ray Kelvin, to accommodate a barter mark licence and architecture casework for the development of apartments in Bournemouth, southwest England, in acknowledgment for a 250,000 batter ($377,000) fee.
Under the acceding Ted Baker will ability the autogenous of 15 affluence accommodation apartments in a development anchored by two Hilton Hotels in the bank town. Rooms could be kitted out with appliance advised by Ted Baker or called by the firm.
Ted Baker’s accounts arch Lindsay Page is additionally a actor and administrator of THAT BCL, which focuses on mixed-use burghal centre projects in the south of England. Kelvin, who owns about 36 percent of Ted Baker, is THAT BCL’s arch disinterestedness provider.
Ted Baker has enjoyed a able aeon of sales advance both in Britain and across area it has ramped up amplification in contempo years. The close generally tests new areas of business, with audio accessories and ceramics two of its added contempo productions.
Shares in Ted Baker are up 22 percent on a year ago to 2,593 pence, account the business at about 1.1 billion pounds.
$1 = 0.6631 pounds Editing by Mark Potter
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