Ted Baker appoints Debenhams CFO Rachel Osborne

Debenhams CFO Rachel Obsorne is quitting after just a year at the embattled department store chain to join Ted Baker.

Osborne will join the premium fashion and lifestyle retailer "at a date to be agreed within the next few months".

She joined Debenhams in September of last year and helped marshall it through its administration and pre-pack sale to a consortium of its investors earlier this year. It is currently trading under a CVA having seen off a challenge to the process from landlords, backed by Sports Direct.

Osborne's previous positions include Chief Financial Officer at Domino's Pizza Group, Finance Director of Group Enterprise at Vodafone and Finance & Strategy Director at John Lewis. She has also held senior positions with Sodexo, Kingfisher and PepsiCo.

Ted Baker Executive Chairman David Bernstein, said: "Rachel's career to date makes her a great fit for the Board and we are delighted to welcome her to Ted Baker. As our strategy to grow the business continues, Rachel's experience of working in the challenging retail environment we currently face will be highly valuable. We look forward to leveraging her significant brand and retail experience and expertise moving forward."

Osborne added: "I am thrilled to be joining Ted Baker as Chief Financial Officer. Ted Baker is an outstanding global brand and I am hugely looking forward to the opportunity to contribute to the next phase of its development."