Ted Baker Bosses Quit After Profit Warning

Troubled fashion retailer's shares have fallen nearly 80% this year, raising the prospect of a takeover bid - perhaps from the founder himself

James Gard 10 December, 2019 | 11:31AM

Ted Baker

The pressure on UK high street retailers was laid bare on Tuesday after Ted Baker’s chief executive and chairman quit and shares crashed 15% after a profit warning.

Finance director Rachel Osborne is to take up the chief executive role after Lindsay Page stepped down after eight months in the role while executive chairman David Bernstein also quit. There has been a rash of boardroom departures among FTSE companies in recent years and Morningstar has looked at the impact on the short and long-term share prices.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Ted Baker PLC179.60 GBX9.05

About Author

James Gard  is content editor for Morningstar.co.uk

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