Ted Baker ap­points law firm to in­ves­ti­gate CEO

The Irish Times - Business - - MARKETS -

Ted Baker said it ap­pointed the law firm Her­bert Smith Free­hills LLP to con­duct an in­de­pen­dent ex­ter­nal in­ves­ti­ga­tion into re­ports on the of­fice con­duct of founder Ray Kelvin.

The firm will re­port to a com­mit­tee of the com­pany’s non-ex­ec­u­tive di­rec­tors that will be chaired by Sharon Bay­lay, a former Mi­crosoft ex­ec­u­tive who joined the board in June, Ted Baker said yes­ter­day.

The ap­point­ment fol­lows re­ports that Mr Kelvin, also chief ex­ec­u­tive, gave staff un­wanted hugs and asked fe­male em­ploy­ees to sit on his knee. The chief ex­ec­u­tive also pushed an ex­ec­u­tive against the wall in a glass meet­ing room in 2016, ac­cord­ing to three peo­ple who wit­nessed the in­ci­dent.

The shares rose as much as 4.3 per cent after the com­pany said yes­ter­day that sales rose 2.3 per cent in the 16 weeks to De­cem­ber 1st. – Bloomberg

Newspapers in English

Newspapers from Ireland

© PressReader. All rights reserved.