A piece in the Telegraph notes that the founder and chief
executive of fashion brand Ted Baker, Ray Kelvin, has sold £20.4 million of
shares in the retailer. Kelvin sold 1.2 million shares in Ted Baker, equivalent
to a 2.8 percent stake, through a placing priced at £17 a share. The sale
reduces his stake in the business from 38.9 percent to 36 percent.
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