January 8, 2020 / 3:42 PM / 17 days ago

Ted Baker's lenders hire restructuring experts for independent review - Sky News

FILE PHOTO: Rain drips off a sign on a Ted Baker sign on a store in London, Britain October 06, 2015. British designer clothing brand Ted Baker on Tuesday said retail sales were up by just over 20 percent in its first half year, boosted by solid demand at home and a strong performance in North America. REUTERS/Neil Hall

(Reuters) - Ted Baker's (TED.L) lenders have hired advisers to carry out an independent review of the troubled British fashion retailer to assess its prospects, Sky News said here on Wednesday.

Restructuring experts from FTI Consulting have been hired for the review, according to the report that comes about a month after Ted Baker’s chief executive officer and chairman left the company.

Ted Baker did not immediately respond to a Reuters request for comment. Shares in the company were down 1.7% to 400.4 pence.

Reporting by Tanishaa Nadkar in Bengaluru; Editing by Shinjini Ganguli

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