• Home
  • News
  • Happy? Women’s Day!? Ted Baker CEO Ray Kelvin quits over sexual misconduct allegations
Fashion News

Happy? Women’s Day!? Ted Baker CEO Ray Kelvin quits over sexual misconduct allegations

Ted Baker CEO Ray Kelvin

Britain-based fashion retailer Ted Baker has announced that its Chief Executive Officer Ray Kelvin resigned from his role amid an investigation of his ‘mis’conduct with employees.

Download Perfect Sourcing News App for Latest Business of Fashion News.

Previously, Kelvin had taken a voluntary leave in December 2018 as law firm Herbert Smith Freehills LLP initiated investigations against allegations including ‘unwanted’ hugs and asking female employees to ‘sit on his knee’.

Markedly, Kelvin owns about 35 percent of Ted Baker, and has a market value of about US $ 390 million.

Complaints against Kelvin’s conduct surfaced in a petition on the website, Organise.

The CEO has, however, refuted all the accusations against him.

Meanwhile, Lindsay Page has been handed over the CEO role.

David Bernstein will continue to support as Executive Chairman. He too will leave that role by 30 November 2020, the company stated.

The law firm’s investigation continues and is expected to conclude at the end of the first quarter or early in the second quarter, Ted Baker said.

Related posts

Hermès, Gucci, Canada Goose ranked top fashion brands for resale: Report

Perfect Sourcing

E-com Retailer Flipkart Revenue Climbs 50% to Rs. 30000 CR

Perfect Sourcing

Retail in 2019: USA to lose its No. 1 retail spot to China

Perfect Sourcing

3 comments

Leave a Comment