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Ted Baker shares fall after it warns of £25m balance sheet error2 Dec 4:30am

Ted Baker shares fall after it warns of £25m balance sheet error

The Guardian
Embattled fashion chain launches investigation after it overstated value of stock The struggling fashion chain Ted Baker has warned that it overestimated the value of its stock and appointed a law firm to carry out a comprehensive review. The retailer, which has a new finance director, estimates that the value of the inventory held on its balance sheet has been overstated by £20m to £25m, based on preliminary analysis. The error relates to previous years and will have no effect on its financial position this year.
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