Home Business News Another Ted Baker board director quits

Another Ted Baker board director quits

by LLB Reporter
17th Dec 19 12:19 pm

Ted Baker has lost another senior board director a week after the troubled retailers chairman and chief executive quit.

The retailer said that Ron Stewart quit after serving nine years as a senior independent director, shares fell by 3% after the news. Jon Kempster has been appointed as independent non-executive director.

Two weeks ago, the company revealed that the groups inventory was overstated between £20m and £25m.

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