Is It Ever OK For Your Boss To Ask For a Hug? Ted Baker’s CEO Thinks So

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“Let’s hug it out” has long been a bro-tacular resolution for squabbles among friends, but it might not be the best corporate strategy.

Or so the powers-that-be at fashion chain Ted Baker realized Monday, when stock shares fell 12 percent after news broke that CEO Ray Kelvin enforces a corporate culture of “forced hugging” among employees.

More than 2,000 people have signed an Organize petition created by staffers of the London-based label titled, “Scrap the forced ‘hugs’ and end harassment at Ted Baker.”

Read more at The Daily Beast.

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Former American Apparel Boss Named True Religion Interim CEO

C-SUITE SHUFFLE: True Religion said chief executive officer John Ermatinger is to retire and has installed former American Apparel ceo Chelsea Grayson as interim ceo as the board looks for a permanent successor.
Ermatinger was named to the top spot in 2015, bringing to the position experience after having been ceo of Tommy Hilfiger’s Asia-Pacific region, president of Gap Inc.’s Asia-Pacific division and Levi Strauss & Co. Americas president.
Grayson has been on the True Religion board of directors since last year and was chair of the audit committee.
Her time at American Apparel capped a rough stretch in the company’s history with the departure of its founder, layoffs and two bankruptcies. She had previously served as American Apparel’s general counsel and chief administrative officer before she was appointed to the ceo position in September 2016, succeeding Paula Schneider. Grayson would later find herself shuttling the company through its second bankruptcy filing less than two months after her appointment. Part of the business was ultimately sold to Gildan Activewear Inc.
Grayson, in a statement, said her focus would be to continue the momentum set off by collaborations with Bella Hadid and Manchester United.
TowerBrook Capital Partners paid $ 835 million for True Religion in May 2013.

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