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Retailer Ted Baker posts underlying loss for pandemic-hit 2020

June 14 (Reuters) - Upmarket British retailer Ted Baker on Monday reported an underlying loss for the pandemic-hit fiscal 2021 and warned that its first-quarter revenue for the current year fell 20% due to coronavirus restrictions during the period.

The British company, which has had a number of operational and management setbacks over the past two years, reported an underlying pretax loss of 59.2 million pounds ($83.53 million)for the year ended January 30, compared to a 4.8 million pound profit the previous year.

$1 = 0.7088 pounds Reporting by Chris Peters and Muvija M in Bengaluru Editing by Tomasz Janowski

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