Rachel Osborne, chief executive officer of Ted Baker, is reportedly leaving the company after it was acquired by fashion giant Authentic Brands Group late last year.
Osborne, who joined the upscale British label as chief financial officer in 2019 before being promoted to CEO in March 2020, is expected to leave in the coming months, Sky News reports. Sky reports on Bais to a source familiar with the situation that by transforming Ted Baker into a brand licensing business, it will no longer need its own CEO.
Reebok owner Authentic bought Ted Baker for £211m late last year. The US fashion group has bought up a number of companies in recent years to expand its empire. It was only announced earlier this week that Authentic Brands Group was securing the trademark rights to Vince.
This translated and edited post previously appeared on FashionUnited.uk.