Ted Baker’s accounting overstatement triples to £58m

// Auditors find that the value of Ted Baker’s stock inventory was overstated by £58m
// This almost 3 times as worse as the initial estimates of between £20m-£25m late last year
// The accounting blunder follows a tough year for Ted Baker, with profit warnings, a scandal and the exit key leadersTed Baker has revealed that its accounting blunder is actually almost three times as bad as it first thought, after auditors ripped apart the retailer’s stock assessment.
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