• Ted Baker shares plunge by more than a third after CEO's ouster

    1 month ago - By New York Post

    Ted Baker has more than just a hugging problem. The London-based fashion house - whose founder Ray Kelvin was forced out earlier this year over a slew of sex harassment allegations - said Tuesday its chief executive and chairman have left as it warned on profits and suspended its dividend. Lindsay Page, who succeeded Kelvin...
    Read more ...

     

  • Ted Baker bosses quit as it warns of profits plunge

    Ted Baker bosses quit as it warns of profits plunge

    1 month ago - By The Guardian

    Fashion retailer says it expects pretax profit of £5m compared with £50m last year The Ted Baker fashion chain could be forced to raise cash after warning of a 90% profits crash and the departure of both its chief executive and executive chairman. The beleaguered retailer said it now expected to make full-year pretax profit of £5m to £10m, depending on Christmas trading, down from more than £50m last year. It was the retailer's fourth profits warning in a year.
    Read more ...

     

  • Ted Baker on a 'long road to recovery' after CEO's exit

    Ted Baker on a 'long road to recovery' after CEO's exit

    1 month ago - By Drapers

    “It's a very sad day for the industry”, sources told Drapers, as Ted Baker veteran and CEO Lindsay Page quits amid another profit warning.
    Read more ...

     

  • Ted Baker Shares Slide Amid Profit Warning, Board Shakeup

    1 month ago - By WWD

    LONDON - Ted Baker's share price closed down 13.4 percent on Tuesday after the high-street brand issued its third profit warning this year and announced a major board shakeup following an investigation into irregularities on its balance sheet.
    The share price, which deteriorated throughout the day, closed at 3.46 pounds.
    The brand, which saw its founder and part owner Ray Kelvin quit under a cloud, said David Bernstein has stepped down as executive chairman with immediate effect, while company veteran Lindsay Page has resigned as chief executive officer.
    Sharon Baylay has assumed the role...
    Read more ...