Ted Baker has appointed a regulation agency to hold out an unbiased investigation into allegations of “compelled hugs” towards its boss.
The style chain mentioned Herbert Smith Freehills would conduct the inquiry, which might report back to a committee of its non-executive administrators led by Sharon Baylay.
The harassment allegations made towards chief govt Ray Kelvin additionally embrace asking younger feminine employees to take a seat on his knee, cuddle him or let him therapeutic massage their ears.
The embattled firm’s share value has fallen by 1 / 4 because the claims emerged on the weekend when a web based petition, claiming to be backed by greater than 200 present or former staff, referred to as on the corporate to finish “a tradition that leaves harassment unchallenged”.
Ted Baker introduced particulars of its inquiry whereas giving a scheduled buying and selling replace for the 16 weeks to 1 December which confirmed a fall in total gross sales.
It mentioned a 6.5% drop in wholesale division income, possible a consequence of the collapse of Home of Fraser, was largely offset by a 2.3% improve in retail gross sales.
Whole income slipped by 0.2%, it reported.
It blamed unseasonably heat climate and the broader challenges within the retail market which have seen consumers watch their spending due to Brexit uncertainty.