Ted Baker boss takes leave of absence

Ted Baker boss takes leave of absence

Ted Baker boss takes leave of absence

Ted Baker said its committee and board had been made aware of "further serious allegations" against Mr Kelvin.

The CEO said he was stepping aside because the events of the past week have "raised some serious and upsetting issues" and he didn't want to see harm to the retailer.

WWD reports that on Thursday the company appointed "an independent committee of non-executive directors" to ensure that the petition is adequately investigated.

"Ted Baker has been my life and soul for 30 years".

Mr. Kelvin, 62, who owns about 35 per cent of the company according to Refinitiv Eikon data, developed the Ted Baker brand and has been CEO since the company was launched in 1988.

He added: "I love this company and I care deeply for all my colleagues".

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Complaints about Kelvin's conduct originally surfaced in an online petition on the website Organise.

It said the company would make no further comment about the nature of the allegations while they remain under investigation.

Ted Baker founder Ray Kelvin asked "if it was legal" to take a 17-year-old female employee "into the fitting room", a former manager at the fashion store has alleged.

The company's share price has fallen by a quarter since the claims emerged at the weekend.

"Ted Baker has great people across its global teams as well as a highly experienced operational board underpinned by the strength and experience of our teams, I am confident that the business remains in a strong position to continue to deliver its long-term growth strategy".

With just three minutes of trading time left yesterday afternoon Ted Baker abruptly announced that chief operating officer Lindsay Page would be taking over as chief executive while Mr Kelvin was on leave.

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