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Ted Baker bosses quit on profit warning

Ted Baker bosses quit on profit warning

Ted Baker's (TED) shares crashed after the clothing brand announced the departures of its chief executive and executive chairman. The group, which also issued a profit warning, has lurched from crisis to crisis over the past 12 months, and is currently mired in an accounting debacle after announcing earlier this month that it has overstated the value of its inventory levels over prior years.

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