Ted Baker expected to post strong growth in profits

Ted Baker is expected to post six-month profits of between £19m-£21m, compared to £17m this time last year,  when it releases its interim financial figures on Tuesday.

The premium British lifestyle and fashion brand has enjoyed strong growth overseas  in recent years with 40% of revenues - which are predicted to be around £255m - coming from international sales.

Ted Baker, which was founded by Ray Kelvin in 1988, now operates close to 450 stores worldwide but it has been mitigating the slow-down in the global retail market by also investing heavily in online and wholesale operations.

According to The Sunday Times, analysts are predicting that the business will double its sales in North America to around £185m in the next five years with Asia achieving a similar rate of growth, however growth in Britain will be much slower.