Ted Baker: Well, we have £25m in inventory overstatedChristian Fernsby ▼ | December 2, 2019
Ted Baker uncovered that its inventory has been overstated by between £20 million and £25 million.
British business Ted Baker London
Topics: Ted Baker
Freshfields Bruckhaus Deringer will now undertake a comprehensive review of the issue, reporting back to independent director Sharon Baylay, a marketing executive who joined the board of Ted Baker last year.
The company added: “All costs and fees associated with completing the independent review will be expensed in the period incurred and clearly identified as such.” ■