• Ted Baker stock overstatement twice as much as previous estimate

    8 monthes ago - By Fashion United

    Ted Baker has announced the value of inventory held on the group's balance sheet at 26 January 2019 could be overstated by 58 million pounds, more than double the amount it estimated when it announced the error in
    December.
    Last month, the British luxury brand announced it had overstated the value of its inventory and would be launching a comprehensive review of how the mistake was made.
    At the time, the brand estimated the overstatement to be to the value of 20 to 25 million pounds and said it believed “any adjustment to inventory value will have no cash impact and will relate to prior...
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  • Ted Baker balance sheet error worse than feared as woes deepen

    Ted Baker balance sheet error worse than feared as woes deepen

    8 monthes ago - By The Guardian

    Struggling fashion retailer's shares fall after £58m hole in accounts revealed The struggling fashion retailer Ted Baker has admitted that an accounting error was twice as big as initially thought, leaving it with a £58m hole in its balance sheet. Ted Baker appointed accountants from Deloitte last month to investigate after the company found that it had overestimated the value of its stock.
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  • Ted Baker stock error twice the original estimate

    Ted Baker stock error twice the original estimate

    8 monthes ago - By Drapers

    The independent review of Ted Baker's stock inventory position is expected to report that value of inventory held on the balance sheet at 26 January 2019 was overstated by £58m - more than double the originally estimated £25m.
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