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Ted Baker says may have overstated inventory by up to 25 million pounds

Shoppers walk past a Ted Baker store on Regents Street in London
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(Reuters) - Ted Baker Plc said on Monday it might have overstated inventory by as much as 25 million pounds, the latest in a string of challenges for the British fashion retailer's newly appointed boss.Shares were expected to tank as much as 30% when the market opens as per premarket indicators, deepening a 74% plunge so far this year.The company, which brought in Lindsay Page as chief executive..
Date Published: Dec 02, 2019
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