Ray Kelvin has stepped down from his position as CEO and director of UK fashion label Ted Baker amid allegations of misconduct. The companyâs founder and former CEO had been taking a voluntary leave of absence after employees launched an online petition in December 2018, accusing him of inappropriate comments and conduct, including forced hugging. Ted Baker has hired law firm Herbert Smith Freehills to lead an investigation into claims of workplace harassment after details of an alleged âforced hugsâ policy emerged. âWhile the claims made are entirely at odds with the values of our business and those of our CEO, we take them very seriously,â it said. Ted Baker founder Ray Kelvin has seen his stake in the retailer slashed by 55 per cent after an investment firm surpassed him as the biggest shareholder following a fundraising drive. Ted Baker has also created a committee of non-executive directors to ensure an appropriate response to employee concerns. Ted Baker CEO Ray Kelvin took a voluntary leave of absence in December 2018, after staff at his clothing company accused him of personal misconduct. Ted Baker's board and the committee "have now been made aware of further serious allegations about the conduct of founder and chief executive officer Ray Kelvin, which it will also be investigating," the company said. In a petition signed by Ted Baker employees and customers, thousands have accused its CEO Ray Kelvin of harassment. The CEO and founder of fashion retailer Ted Baker has resigned following allegations of sexual misconduct made against him last December. Ted Baker has appointed Herbert Smith Freehills to lead the investigation following allegations of inappropriate behaviour at the company, which includes a ⦠Ray Kelvin: Ted Baker CEO resigns following allegations of 'forced hugging' and getting employees to sit on his lap 'The past few months have been ⦠Ted Baker's CEO and founder Ray Kelvin is to take a voluntary leave of absence while allegations about his conduct are investigated, the British fashion retailer said on Friday. The allegations were made on Organise, a campaign website that hosted a petition against the boss of Ted Baker. Ted Bakerâs board and the committee âhave now been made aware of further serious allegations about the conduct of founder and Chief Executive Officer Ray Kelvin, which it will also be investigating,â the company said. According to the petition on ⦠Ted Baker shares slump after 'forced hugs' allegations against boss. "Ted clearly needs to draw a line under Ray's behaviour and move forward," Jefferies analysts said in a note to clients. Ray Kelvin, founder and chief executive of British fashion retailer Ted Baker, resigned on Monday following misconduct allegations related to his hugging of business colleagues.. Ted Baker ⦠Ted Baker had announced an independent investigation into misconduct claims against Kelvin in December in response to an online campaign claiming to represent over 200 employees asking to end âforced huggingâ and âa culture that leaves harassment unchallenged.â âKelvin has denied all allegations ⦠Ray Kelvin is facing bullying and harassment allegations ⦠More ⦠Ray Kelvin took a voluntary leave of absence from his role as chief executive in December 2018 after allegations of misconduct centring around âinappropriate huggingâ and âfurther serious allegationsâ were made against him. Kelvin currently owns an 11.8% share of the luxury clothing company. Ted Baker says it will investigate the allegations made against 62-year-old Ray Kelvin. It comes ahead of a trading update by the company due on Thursday. Employees of the high-end British retailer Ted Baker have accused chief executive Ray Kelvin of harassment. Ted Baker has launched an emergency cash call for at least £95 million to tide it through the crisis on the high street. On ⦠Founder and CEO of Ted Baker, Ray Kelvin, has resigned following allegations that he enforced a âhuggingâ culture inside the company. Mar 04, 2019 at 1:05 PM. // Kelvin has denied all allegations of misconduct Ted Baker founder and former chief executive Ray Kelvin is reportedly considering a private equity buy-out of the fashion retailer. The former wife of Ted Baker founder Ray Kelvin has defended the businessman for hugging his staff as fresh allegations of sexual harassment emerged over the ⦠At the time the allegations were made the company said hugs were "part of Ted Baker's culture, but are absolutely not insisted upon", and that Mr Kelvin greeted many people with a hug. In a statement responding to the allegations, Ted Baker said it ⦠An online petition alleged 'uncomfortable and unnecessary' behaviour by the chain's 62-year-old founder Ray Kelvin. Ted Baker's shares are down more than 40% in ⦠Dozens of current and former Ted Baker employees have accused the fashion brand's founder of implementing a regime of "forced hugs" and harassment. Ted Baker founder Ray Klein âshoved a senior executive against a wall in furyâ when employee failed to invite him to his wedding. Ted Baker founder and CEO Kelvin quits after misconduct allegations. Staff launched a petition in December 2018 that said harassment was "part of a culture" at Ted Baker. He denies all allegations. The 63-year-old is said to have become angry after learning the ⦠Ted Baker is bolstering its HR policies to ensure acceptable workplace conduct following an investigation into âforced huggingâ and other allegations of inappropriate behaviour by its founder. (For graphic on Ted Baker trails FTSE 250, click https://tmsnrt.rs/2UnsBAw) A spokesperson for Mr Rathour said he "would welcome any investigation". The fashion chain is tapping large institutions for £75.9 million through a placing, from which individual shareholders are excluded. The shares fell 15% on Monday after the allegations - which the company said were "entirely at odds" with the values of the business and Mr Kelvin - surfaced over the weekend . Ted Baker's boss already faces bullying and harassment allegations Credit: PA:Press Association. Ted Baker shares fell 4.8 percent in initial trade before making up ground to trade 4.6 percent higher by 1605 GMT. Ted Baker has also created a committee of non-executive directors to ensure an appropriate response to employee concerns. The fashion retailer said an independent investigation into alleged misconduct by former CEO Ray Kelvin, who resigned in March following allegations that he had kissed employeesâ ears and [â¦] Ted Baker shares fell 4.8 percent in initial trade before making up ground to trade 4.6 percent higher by 1605 GMT. ... Last week both Debenhams and Topshop-owner â¦
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