Ted Baker probes £25m stock inventory blunder
Image copyright Ted Baker
Fashion retailer Ted Baker has said it may have overstated the value of its stock by between £20m and £25m.
Law firm Freshfields Bruckhaus Deringer is to carry out a review, and independent accountants will also be appointed to investigate.
Shares in Ted Baker fell 10% initially as analysts described the news as “less than ideal” and a “blunder”.
This year, former…
Discover more from USNewsRank
Subscribe to get the latest posts sent to your email.