THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Ted Baker stock may have been overvalued by up to £25 million

Fashion retailer Ted Baker has said it might have overstated the value of its inventory by up to £25 million. Based on preliminary analysis, the company’s board… View Article

FASHION RETAIL NEWS UK

Ted Baker stock may have been overvalued by up to £25 million

Fashion retailer Ted Baker has said it might have overstated the value of its inventory by up to £25 million.

Based on preliminary analysis, the company’s board has estimated that the sum could be between £20 million and £25 million although any adjustment to inventory value is likely to have no cash impact and will relate to prior years.

Ted Baker has appointed Freshfields Bruckhaus Deringer and will be hiring independent accountants to undertake a review of the issue. The firms will then report their findings to a sub-committee chaired by Ted Baker independent director Sharon Baylay.

In a statement, the company said: “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.”

Subscribe For Retail News