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

Shoppers walk past a Ted Baker store on Regents Street in London
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(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.
Date Published: Dec 02, 2019
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