Fashion brand Ted Baker seeks £95 million in latest coronavirus share sale
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(Reuters) - Ted Baker plans to raise about 95 million pounds by selling new shares at a steep discount to help it ride out the coronavirus crisis, the fashion brand said on Monday, as it slumped to an annual loss.In an update after market-close, the company said it planned to offer 126.7 million shares at 75 pence each, a 51.1% discount to its closing price on May 29, having announced the proposed placement earlier in the day. Shares in the company, known for suits, shirts and dresses with..