FILE PHOTO: Shoppers walk past a Ted Baker store on Regents Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo
January 8, 2020
(Reuters) – Ted Baker’s <TED.L> lenders have hired advisers to carry out an independent review of the troubled British fashion retailer to assess its prospects, Sky News said https://news.sky.com/story/ted-baker-lenders-call-for-help-at-ailing-retail-chain-11903703 on Wednesday.
Restructuring experts from FTI Consulting have been hired for the review, according to the report that comes about a month after Ted Baker’s chief executive officer and chairman left the company.
Ted Baker did not immediately respond to a Reuters request for comment. Shares in the company were down 1.7% to 400.4 pence.
(Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shinjini Ganguli)
