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Ted Baker founder Ray Kelvin quits in wake of harassment claims

Ray Kelvin has resigned as chief executive of Ted Baker with immediate effect following allegations of harassment.
The fashion retailer's founder was forced to take a leave of absence last year amid claims that he enforced a "hugging" culture at the company.
Accusations were also made that he massaged employees, kissed their ears and asked some to sit on his lap.
In December, The Telegraph also revealed Mr Kelvin had been accused of shoving a senior executive against a wall in a row sparked when the boss was not invited to his wedding to another staff member. 
Mr Kelvin is alleged to have flown into a rage after learning he had only been invited to the couple's reception before paying them large sums in exchange for signing non-disclosure agreements.
Mr Kelvin denies all allegations of misconduct, but Ted Baker said on Monday that he agreed to resign as chief executive and director of the retail chain.
He will not get a payoff and his share options for 2015, 2016 and 2017 will lapse, although he is still entitled to almost 20,000 shares awarded under a 2015 scheme that are worth close to ?400,000. 
Mr Kelvin owns almost 35pc of the shares in the company - a holding worth just over ?300m.
Shares in Ted Baker rose 4.8pc on Monday to ?19.83. They had been trading at more than ?32 last March.
Executive chairman David Bernstein said: "Ray Kelvin founded the business 32 years ago and has, together with the fantastic team around him, been the driving force behind it becoming the global brand it is today.
"As founder and CEO, we are grateful for his tireless energy and vision. However, in light of the allegations made against him, Ray has decided that it is in the best interests of the company for him to resign so that the business can move forward under new leadership."
Mr Kelvin said that stepping away was the "right thing to do".
Ted Baker founder Ray Kelvin quits in wake of harassment claims

He said: "The past few months have been deeply distressing and I'll now be taking time privately with my family to consider what my next adventure will be. Bye for now, Ray."
An internal independent committee has been in the process of investigating the allegations alongside law firm Herbert Smith Freehills.
The probe will continue, with the primary focus now on Ted Baker's policies, procedures and handling of complaints.
Acting chief executive Lindsay Page has agreed to continue in the role, with Mr Bernstein providing additional support in an executive capacity until no later than November 30 next year, by which time a successor will be appointed.
Mr Bernstein added: "As a board of directors, we are committed to ensuring that all employees feel respected and valued. We are determined to learn lessons from what has happened and from what our employees have told us and to ensure that, while the many positive and unique aspects of Ted's culture are maintained, appropriate changes are made."
"Sharon Baylay has agreed to act as the designated non-executive director for engagement with the Ted workforce. Led by Lindsay, we are confident that the strong and experienced team we have in place will build the Ted culture and move the business forward."
A petition against the alleged 'forced hugging' policy was led by Ted Baker staff using workplace campaigning platform Organise.
Nat Whalley, its executive director, said: "Ray Kelvin’s resignation shows the power of staff teaming up to create positive change at work. No CEO should preside over a culture of ‘forced hugging’ - it’s time for a step-change inside Ted Baker.
"The new CEO should create a culture which ensures that all staff feel safe and listened to when it comes to allegations of harassment in the workplace. The staff who used Organise to run and win this anti-harassment campaign should be really proud."
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