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Ted Baker boss quits as retailer warns on profits

Ted Baker boss quits as retailer warns on profits
Tuesday 10
12:0 2019

Shares firm have plunged by more than 75% since January in a year which has seen it post four profit warnings The chief executive of struggling retailer Ted Baker has resigned as the firm again warned over profits, sending its shares plunging. The group said Lindsay Page, who took over from founder Ray Kelvin after he resigned in March, has been replaced by finance boss Rachel Osborne, who takes up the role with immediate effect. Chairman David Bernstein has also quit. The resignations were announced as the company scrapped its shareholder dividend payout and said it is now expecting annual ...

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Read more from Sky News : Ted Baker boss quits as retailer warns on profits
Sky News : Ted Baker boss quits as retailer warns on profits

Summary: The chief executive of struggling retailer Ted Baker has resigned as the firm again warned over profits, sending its shares plunging.

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