US private equity powerhouse Sycamore Partners makes £250m bid for Ted Baker March 28, 2022 US private equity group Sycamore Partners has reportedly made a formal £250m offer for the fashion chain Ted Baker.
Ted Baker: US private equity firm Sycamore will join formal sales process for fashion chain April 13, 2022 Ted Baker has given confirmation that New York-based suitor Sycamore will take part in a formal sales process. The retailer had previously rejected a number of bids from the US private equity firm, claiming their proposals had significantly undervalued the high street fashion chain. The announcement does not mean that Sycamore will certainly throw its [...]
Ted Baker shows signs of recovery despite falling share prices November 11, 2021 Ted Baker is enjoying rebounding sales and has cut its losses by 70 per cent, with the clothing chain looking to revive its fortunes as pandemic restrictions ease. Brand sales are up 23 per cent to £433m year-on-year, retail sales have grown 10.4 per cent to £136.9m during the same period, and overall losses have [...]
Retail sector in shock: Ted Baker chairman John Barton dies suddenly December 6, 2021 Ted Baker chairman John Barton has died - with the company describing him as a "source of great wisdom" they will "hugely miss."
Fever pitch: Battle for Ted Baker intensifies as new owners set to face post-pandemic high street ‘challenges’ April 4, 2022 Fashion chain Ted Baker has seen its share price boom after kicking off a formal sale process, with a third US private equity proposal. Analysts said the proposal comes as valuations of British companies have fallen in the wake of the pandemic and Brexit. Ted Baker has received an improved proposal from Sycamore, in addition [...]
Ted Baker sales jump 50 per cent in a year September 7, 2021 Ted Baker has reported strong sales in Q2 with revenue up 50 per cent compared to last year despite the ongoing impact of Covid-19 on retail. Store sales surged by +142 per cent between April 25 to August 14 compared to the same period a year ago. While sales were down -45 per cent compared [...]
Bidding war looming: Ted Baker launches formal sale process as retail giant receives yet another takeover offer April 4, 2022 Ted Baker has launched a formal sale process after receiving a third takeover move by US private equity suitor Sycamore Partners. Shares in the company jumped on Monday morning after the fashion brand said it had also received another “unsolicited” approach by an unnamed party. It comes a week after Ted Baker rejected two takeover [...]
Ted Baker upgrades London HQ to Gorgeous Brown Building in Fitzrovia July 23, 2021 Ted Baker has traded in its Ugly Brown Building headquarters after 20 years for what will be called the Gorgeous Brown Building in Fitzrovia. The lifestyle and fashion brand had previously owned the Ugly Brown Building in King’s Cross which was sold to British Airways Pension Trustees for £78.8m last year. Shares opened higher in [...]
Ted Baker completes bank refinancing as Covid delays results May 25, 2021 Ted Baker today said it has refinanced by extending its revolving credit facility with lenders. Under the new agreement, a facility of £108m maturing in September 2022 and a restricted facility of £25m maturing in January 2022 will be replaced by a new facility of £90m reducing to £80m in January 2022 until maturity in [...]
Ted Baker turnaround slows, swallowing £278m revenue loss and sales dive June 14, 2021 Covid-19 restrictions curbed customer footfall and bag sizes, which has sent ripples through fashion brand Ted Baker over the last year as it invested in pandemic turnaround measures. The brand swallowed a revenue loss of £278.5m in the year to 30 January, down 44 per cent as it bagged £352m in total. Ted Baker also [...]