Troubled fashion retailer Ted Baker on Monday named Chief Financial Officer Rachel Osborne to the permanent role of chief executive officer, replacing Lindsay Page who stepped down last year.
FILE PHOTO: Shoppers walk past a Ted Baker store on Regents Street in London, Britain December 17, 2018. REUTERS/Simon Dawson
The British company said the search for a chairman is progressing well and that Sharon Baylay will still lead as acting chair in the interim period. “I look forward to leading the business through this critical period of change and seeing the benefits of our plan come to fruition,” Osborne said on Monday.
Osborne’s predecessor Page left in December after multiple profit warnings that had come on the back of tough retail conditions, including subdued spending by consumers and steep costs.
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