Ted Baker chief executive Rachel Osborne is understood to be close to leaving her post just six months after the retailer’s takeover by Authentic Brands (ABG). 

According to a report by Sky News, Osborne is expected to leave the retailer within months.

Osborne has been Ted Baker’s chief executive for the last three years, having first joined as finance chief in 2019 and stepping up to the top job in the midst of a governance and accounting crisis at the retailer in 2020.

The news comes just six months since Ted Baker was taken over by US entertainment and brand conglomerate ABG for £212m. 

ABG owns a suite of fashion and sportswear brands including Juicy Couture, Reebok, Nine West and Quicksilver, and is in talks to sign new partners in the UK to take over Ted Baker’s design, logistics and other functions. 

According to Sky News, the shift to licensing means Ted Baker would no longer need a group chief executive. Both ABG and Osborne declined to comment.

  • Never miss a story – sign up for Retail Week’s breaking news alerts

Topics

Related Companies