December 2, 2019 / 7:30 AM / 10 days ago

Ted Baker says may have overstated inventory worth 20-25 mln pounds

Dec 2 (Reuters) - British fashion retailer Ted Baker said on Monday it may have overstated inventory worth about 20 million pounds to 25 million pounds.

Ted Baker, which this year brought in a new chief executive officer after former boss Ray Kelvin stepped down over misconduct allegations, said it expects no cash impact from adjustments to the inventory value. (Reporting by Muvija M in Bengaluru; Editing by Sriraj Kalluvila)

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