Ray Kelvin, founder and chief executive of British fashion retailer Ted Baker Plc, resigned on Monday amid misconduct allegations related to his hugging of business colleagues.
"Mr. Kelvin has denied all allegations of misconduct. He has, however, today agreed to resign with immediate effect from his position as chief executive officer and as a director of Ted Baker Plc," the company said in a statement.
"I've decided that the right thing to do is to step away from Ted and allow the business to focus on being the outstanding brand it is so it can face 2019 with fresh energy and renewed spirit," Kelvin said in a statement. The company said that hugs had become"part of Ted Baker's culture" but were"absolutely not insisted upon."
"We are determined to learn lessons from what has happened and from what our employees have told us and to ensure that, while the many positive and unique aspects of Ted's culture are maintained, appropriate changes are made," Executive Chairman David Bernstein said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. oil rig counts falls to lowest since May 2018: Baker HughesU.S. energy firms this week cut the number of oil rigs operating to the lowest i...
Read more »
Ted Cruz: GOP wouldn't have lost the House if border funding had passedTed Cruz claimed that Republicans wouldn't have lost the House in the 2018 midterms had Congress more aggressively pushed border wall funding earlier
Read more »
Michael Jordan, Ted Leonsis And Mark Cuban Cash In With Sportradar's MLB DealSportrader continues its dominance at the convergence of big data, sports and betting.
Read more »
With a free phone app, Nancy Baker Cahill cracks the glass ceiling in male-dominated land artThe artist, part of the Desert X biennial around Palm Springs, has augmented reality artworks that appear on your phone when you reach the right geographic location. One curator calls it the future — land art with little environmental impact.
Read more »
“Horrific”: Dem slams Trump official over allegations thousands of migrant children were sexually abused in custody“These documents detail an environment of systemic sexual assaults by staff on unaccompanied children,” said Representative Ted Deutch.
Read more »
HHS demands apology from House Ethics chair for comments on abuse of migrant childrenA standoff between Ted Deutch and HHS began after the Congressman accused the agency of putting migrant children in environments where they would be sexually abused
Read more »
HHS docs show thousands of alleged incidents of sexual abuse against unaccompanied minors in custodyThe Department of Health and Human Services received more than 4,500 complaints of sexual abuse against unaccompanied minors from 2014-2018, according to internal agency documents released Tuesday by Florida Democratic Rep. Ted Deutch.
Read more »
Misconduct allegations against Willow Creek founder Bill Hybels are credible, independent report findsHybels’s alleged behavior, directed mostly at women connected to the Chicago-area megachurch, took place at various points during his more than four decades of leadership.
Read more »