Email Facebook Twitter

London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England

Alliance News

TOP NEWS: Ted Baker CEO Leaves "Voluntarily" During Harassment Probe

Fri, 7th Dec 2018 16:46

LONDON (Alliance News) - Ted Baker PLC said Friday that its Founder & Chief Executive Ray Kelvin has agreed to take a voluntary leave of absence while an investigation into harassment claims against him takes place.

The upmarket's fashion retailer's board has appointed Chief Operating Officer Lindsay Page as acting CEO with immediate effect to cover the position while Kelvin remains on leave.

The company, which has established an independent committee of non-executive directors to ensure any concerns are carefully considered, said it has being made aware of "further serious allegations about the conduct of Kelvin", which the committed will now investigate.

The news follows reports by Sky News on Sunday revealing that the company's staff had launched a online petition to put an end to forced "hugging" and inappropriate touching and comments by Kelvin.

The complainants claimed Kelvin would give unwanted hugs, shoulder massages and kisses on the back of their ears at the company's London head office.

On Thursday, Ted Baker confirmed the appointment of Herbert Smith Freehills LLP to conduct an independent external investigation into the allegations.

Ted Baker shares were trading down 1.2% at 1,493.00 pence. They are down 19% this week following the reports.

By Elena Cherubini;

Copyright 2018 Alliance News Limited. All Rights Reserved.

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.