We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.

The global fashion business journal

Feb 23, 20202:59am

Ted Baker CEO quits as it warns over profits

The company is looking for a replacement for its chairman and has hired AlixPartners to review its operations.

Dec 10, 2019 — 5:00pm

Ted Baker CEO quits as it warns over profits



Bad news keep coming for Ted Baker. After announcing yesterday that it is looking for a new chairman and the appointment of AlixPartners to review its operations, the British company issued today a profit warning and announced the departure of its chief executive officer, Lindsay Page.


Ted Baker now expects pre-tax profits for the year to be January 2020 to between 5 million pounds and 10 million pounds (6.5 million dollars and 13.1 million dollars). The company has also stated that it has suspended the payment to its shareholders temporarily. The company made a profit pf 24.5 million pounds (32.2 million dollars) during the same period in 2018.  


The company also announced this month that David Bernstein was leaving his role as chairman immediately, for which the company has already begun to look for a substitute with headhunter company Korn Ferry. On the other hand, chief executive officer, Lindsay Page will be relieved on an interim basis by the chief financial officer, Rachel Osborne.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment