Ted Baker leans on cash call as results disappoint

(Reuters) - Fashion brand Ted Baker on Monday rolled out plans to raise 95 million pounds through a stock issue to help it ride out the challenges posed by the coronavirus, after reporting a loss of 79.9 million pounds for the year to January.The company's revenue slumped 36% for the 14-week period from Jan. 26 to May 2, mainly due to the stay-at-home orders to prevent the spread of COVID-19.