Ted Baker retailer director steps down

Ted Baker retail director

Ted Baker’s global retail director Chris Browne has stepped down from the upmarket fashion retailer after almost three decades with them.

The retailer confirmed that Browne — who has been with Ted Baker for 29 years — is now on a period of gardening leave after resigning last week.

Browne joined the Scottish retailer in its early years, when it was founded as a single shirting store in Glasgow in 1988.

Ted Baker has been conducting a review of its organisational structure as it continues to expand, with the aim of ensuring it remains a leader in an increasingly digital and omnichannel market.

Chief executive and founder Ray Kelvin said: “Chris has been a member of our close knit family for many years and has helped us develop a world class retail business for which we thank him.”

However, according to sources in  Retail Week and Drapers,  Browne allegedly had a tense relationship with Kelvin, and his sudden resignation was not unexpected.

Ted Baker recorded £531 million in sales and a 4.4 per cent rise in pre-tax profit to £61.3 million  in its last fiscal year, alongside  a sales uptick of 14.3 per cent for the 19 weeks to June 10.

It also expects to post high single-digit growth for the current year, making it buck the downturn trend that other British retailers such as Next and New Look are experiencing.

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