Ted Baker appoints law firm Herbert Smith Freehills to probe hugging claims December 6, 2018 Fashion chain Ted Baker said this morning it has appointed law firm Herbert Smith Freehills (HSF) to investigate claims of forced hugging by its boss Ray Kelvin. The Ftse 250 chain’s shares have been battered since the news emerged that the fashion retailer has launched an internal investigation into harassment claims. In a trading update [...]
Ted Baker’s share price slides further in wake of ‘forced hugging’ complaints December 4, 2018 Ted Baker's share price slumped more than 10 per cent in trading this morning as the City continued to digest the news of harassment allegations surrounding the luxury retail firm’s boss. Shares dipped almost 11 per cent to 1,387p today, having dived 15 per cent yesterday. Yesterday the FTSE 250 firm’s board said it had launched [...]
DEBATE: Are we at risk of overreacting to the story of ‘forced hugging’ at Ted Baker? December 4, 2018 Are we at risk of overreacting to the story of ‘forced hugging’ at Ted Baker? Dr Joanna Williams, author of Women vs Feminism: Why We All Need Liberating from the Gender Wars, says YES. Alarming stories of sleazy bosses taking advantage of vulnerable young women can make it seem as if the workplace hasn’t changed since the 1960s. [...]
Ted Baker launches investigation into harassment claims against ‘forced hugs’ boss December 3, 2018 Ted Baker has launched an internal investigation into claims its chief executive and founder harassed female staff members. The FTSE 250 firm’s shares took a dive this morning, dropping more than 14 per cent in early trading. In an statement released today, the fashion retailer’s board said it has launched a “thorough and urgent” external [...]
Ted Baker staff launch petition over boss’s unwanted ‘hugs’ and alleged harassment December 2, 2018 Staff at Ted Baker have launched a petition calling for an end to a culture of “forced hugs” and unwanted attention from the company’s founder and boss. A employee-launched petition accuses chief executive Ray Kelvin of inappropriate behaviour and comments to staff. “He'll want to brush this under the carpet,” the petition’s author wrote. “But [...]
Shareholders need to hear more than just contrition if they are to believe in the future of M&S November 8, 2018 Another day, another bleak set of results from a struggling high street retailer. This time it was the turn of M&S to take centre stage, reporting falling food and fashion sales and pledging to leave “no stone unturned” in its bid to restructure the business. Blighted by rising costs, more competition, and major changes in [...]
Ted Baker share price slides as profits fall amid ‘challenging’ high street October 4, 2018 Profits dropped at fashion house Ted Baker today as it blamed “challenging trading conditions”, with no let up expected for the latter half of the year, sending shares sliding around 12 per cent in early morning trading. Read more: Moss Bros issues profit warning The figures Ted Baker saw profits before tax dip 3.2 per [...]
Ted Baker expected to boost revenues despite high street worries September 30, 2018 Retailer Ted Baker is expected to show it has raised revenues in results released this week, despite tough high-street conditions. Analysts suggest the clothing company’s half-year revenue will be shown to have gone up around 4.5 per cent when it announces results this Thursday, as luxury goods continue to escape the bloodbath at the lower [...]
Labour mulls break-up of Big Four accountancy firms September 21, 2018 The Labour party is weighing up radical plans to break up the Big Four accountancy firms, amid mounting pressure on the UK’s scandal-hit auditors. Shadow chancellor John McDonnell vowed to end what he described as a “cartel” among the country’s largest bean counters in the run-up to his party conference this weekend. “They have demonstrated [...]
A summer to forget: KPMG reputation dealt another blow after admitting to compliance report misconduct September 19, 2018 Scandal-hit KPMG has admitted to misconduct over compliance reports made for a unit of the Bank of New York (BNY) Mellon Group in another fresh embarrassment for one of the Big Four accountancy firms. The UK’s accountancy watchdog said today that KPMG and one of its partners Richard Hinton accepted they had fallen short of standards [...]