×
261
Fashion Jobs
RELIANCE INDUSTRIES LTD
Sales Officer - Saree Specialist - Chennai t.Nagar
Permanent · CHENNAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HYDERABAD
SPACE CONSULTANTS
Manager-Sales&Marketing
Permanent · Bhiwani
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · PANCHKULA
GENIUS CONSULTANTS LIMITED
HR Executive(Female)@Leading Hosiery Manufacturing Company in Agarpara
Permanent · KOLKATA
SHOPPERS STOP LTD
Unit HR Head
Permanent · MUMBAI
FLOOR & FURNISHINGS INDIA PRIVATE LIMITED
Sales Executive/ Sales Officer
Permanent · PANCHKULA
SELECTIVE GLOBAL SEARCH PVT. LTD.
Retail Sales Executive
Permanent · MUMBAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HALDWANI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · Aligarh
SREEDHARA TEXTILES PRIVATE LIMITED
Deputy Manager - Fabric
Permanent · COIMBATORE
PANACEA VENCER
we Have Opening For Accounts Manager & Finance Manger For Garments
Permanent · COIMBATORE
JOBZ DADDY
Category Head For Home Decor of The Top Most Designer of India
Permanent · GURUGRAM
SMART SOURCE
Manager Market Place - Leading Fashion Retail - Bangalore
Permanent · Bengaluru
NCDI PLACEMENT CONSULTANCY
Accounts Executive For Retail Industry
Permanent · Lucknow
NCDI PLACEMENT CONSULTANCY
Customer Relationship Managere For Retail Industry
Permanent · LUCKNOW
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
MIRRAW.COM
Production Manager | Mirraw
Permanent · MUMBAI
LIFESTYLE BRANDS
Senior Executive - Accounts - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU

Ted Baker seeks new chairman, names Deloitte to inventory investigation

Published
today Dec 9, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ted Baker has hired California-based consultants Korn Ferry to help it find a replacement for chairman David Bernstein, who is stepping down from the board next year.


Ted Baker


It has been a tumultuous year for the British clothing brand, which has been hit with scandal, disappointing sales and accounting mistakes.

David Bernstein agreed to take on executive responsibilities in March after Ray Kelvin, the man who founded Ted Baker, resigned from his role as chief executive officer amid accusations of harassment and misconduct.

Lindsay Page was promoted to chief executive officer in April.

Korn Ferry is leading the hunt for a new chairman, with the job being offered on a non-executive basis. A shortlist of candidates has not yet been drawn up, reported The Sunday Times.

For the moment, Ted Baker has more pressing problems to address. The company recently revealed that it overstated the value of its inventory on its balance sheet, which could take a £20m to £25m toll on its finances. Deloitte and law firm Freshfields Bruckhaus Deringer have been appointed to investigate the issue, in what is the second of such independent reviews commissioned by the business in the past six months.

The firms will report back to a sub-committee, chaired by independent director Sharon Baylay. Ted Baker said the blunder will have no cash impact on the current financial year, but the company is undertaking significant costs to carry out the reviews.

And according to the Financial Times, the brand has hired a separate consultancy firm, AlixPartners, to help it formulate a turnaround strategy, after it issued a profit warning following a half-year loss of £23m. Revenues for the first six months of the year fell by 0.7% to £30.4m.

Copyright © 2020 FashionNetwork.com All rights reserved.