American fast-food chain Chick-fil-A has stopped funding two...
Methodist investors raise concerns over Ted Baker harassment claims
An investment firm, owned by the Central Finance Board of the Methodist Church, is understood to have written to retailer Ted Baker to raise concerns following allegations of harassment aimed at the company's CEO.
Ray Kelvin, who founded the brand in 1987, has taken a leave of absence following claims of misconduct including accusations that he massaged employees, kissed their ears and asked some to sit on his lap.
According to Press Association, Epworth, a company which takes a Christian approach to investment and owns a stake in Ted Baker, wrote to bosses calling for a change in corporate culture if the company's internal investigation unearths wrongdoing.
Ted Baker is now reported to have appointed lawyers at Herbert Smith Freehills to investigate the harassment allegations.
Herbert Smith will report to a committee of the company's non-executive directors chaired by Sharon Baylay.
Ted Baker and Epworth declined to comment on the letter.
(Additional reporting from Press Association)
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