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BUZZ-Ted Baker: Slides after management shuffle, outlook cut

Tue 10th December, 2019 8:33am
(Updates shares movement)
    ** British fashion retailer's shares  TED.L  plunge 35.5% to
269.57 pence, hitting their lowest level since 2003 after co
announces management shuffle 
    ** Co says its chief executive officer and chairman have
stepped down
    ** Stock underperformed the  .FTSX  by 4.3% in the last
    * TED has a current market cap of 120.14 million pounds 
($154.14 million), 82% lower than its market cap a year ago 
    ** Co also cut its full-year outlook and suspended its
dividend  urn:newsml:reuters.com:*:nL4N28K1UD
    ** Recently-appointed Chief Financial Officer Rachel Osborne
will take on the CEO role from Lindsay Page on an interim basis
    ** Sharon Baylay has assumed the role of acting chair,
replacing David Bernstein
    ** Including Tuesday's slide, TED down nearly 83% this year

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 (Reporting by Aakash Jagadeesh Babu in Bengaluru)
 ((Aakash.B@thomsonreuters.com; within the U.S. +16462238780,
outside the U.S. +91  80 67491576; Twitter: @JagadeeshAakash;))
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