March 20, 2020 / 8:09 PM / 9 days ago

Ted Baker sees minimal supply disruption after coronavirus outbreak

March 20 (Reuters) - Troubled fashion retailer Ted Baker Plc said on Friday it has seen very less supply chain disruption so far from the coronavirus outbreak and that majority of its factories in China were now operational.

The company said its “inventory levels are sufficient”, but it was suspending all non-essential capital expenditure and restricting travel to reduce costs and shore up cashflow.

The retailer said it was too early to provide any meaningful guidance for financial year 2021.

Reporting by Sabahatjahan Contractor in Bengaluru; Editing by Arun Koyyur

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