// Ted Baker global wholesale and partnerships director Ricky Green resigns
// Green worked in sourcing and buying roles across companies prior to Ted Baker
Ted Baker global wholesale and partnerships director Ricky Green has departed after less than a year in his role.
Green joined Ted Baker in 1995 as global wholesale director before being promoted to global wholesale and partnerships director in March 2020.
He worked in sourcing and buying roles across companies including Coles Menswear and Parkes Clothing prior to Ted Baker.
- Ted Baker remains “resilient” despite shop sales plunging 79%
- Ted Baker to cut 500 jobs across retail and HQ
“After 25 years at Ted Baker, Ricky Green has decided to leave the business. We thank him for his enormous contribution to the brand and wish him well for the future,” Ted Baker said.
“As part of separate changes to the executive team, a new group commercial and business development director role has been created to lead on driving growth across our retail, wholesale, international and licensing businesses.
“While a process is underway for a permanent appointment, Phil Clark, an executive board member, will assume the role on an interim basis.”
Last month, Ted Baker said it was planning on cutting 500 jobs across retail and its head office as part of its latest cost-cutting strategy to save £6 million by the end of the year.
It followed news that the struggling retailer had raised £105 million through a stock issue to help it survive through the Covid-19 crisis..
Ted Baker employs around 2000 staff in the UK across its head office, 46 stores, and dozens of concessions.
It has seen its shares drop by a colossal 89 per cent to 76p in the past year, valuing the company at £140 million.
The fashion retailer has been struggling even before the Covid-19 pandemic struck the UK.
Last year, Ted Baker faced allegations of staff harassment by founder and former chief executive Ray Kelvin, all of which he has denied.
Kelvin was replaced by his long-standing chief operating officer Lindsay Page but by December, Page had also stood down after a string of profits warnings.