Ted Baker probes £25m stock inventory blunder

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Ted Baker shares tumble on fresh setback

Ted Baker

Shares in Ted Baker fell 10% initially as analysts described the news as"less than ideal" and a"blunder". :"Ted Baker is committed to ensuring the independent review is completed in an efficient and transparent manner and will update the market as appropriate. Whilst the review is ongoing, the company will not comment further."

Retail analysts at Liberum said:"Today's latest news from Ted Baker, regarding the overstatement of last year's inventory value, is less than ideal."

 

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He waa such a good Dr Who

Where is your coverage of Johnson plagiarising a barrister?

That's what happens when a brand becomes popular with chavs. Same happened to Burberry.

yet another case with a big audit firm, KPMG this time. how on earth do these accounts get audited and signed off. what substantive testing is done to be 25m out !

The staff must be feeling down. They probably need a hug 😳

JeansAndSheux

Fashion ... for people with no style? Trends ... for people with no imagination? Labels ... for people who like boxes? Brands ... for people who don't have their own identity? Money ... for people who don't know what's worth valuing?

Don't care, is the queen dead or not

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