Tumbling pound puts London firms at risk of foreign takeover frenzy Bargain Hunt A sharp fall in the value of the pound could put London-listed firms at further risk of foreign takeovers after a spate of acquisitions this year, experts have warned today.
Ted Baker sees lift in sales as rebounding store revenues are offset by slump in demand Latest results Fashion brand Ted Baker has revealed that recovering store footfall helped support higher sales over the past quarter as it prepares for its US takeover. Last month, the retail business agreed a £211 million takeover by Authentic Brands Group, the US owner of Reebok and Juicy Couture. Ted Baker shareholders will vote on the move [...]
Reebok and Forever 21 owner Authentic Brands snaps up Ted Baker in £211m deal ted baker After months of speculation, the Juicy Couture and Forever 21 owner Authentic Brands has said it will buy Ted Baker for an estimated £211m.
Reebok owner closes in on Ted Baker deal August 15, 2022 Ted Baker is on the verge of being taken over by a US consumer goods group which owns Reebok, according to Sky News.
Ted Baker’s chosen bidder drops takeover plans as hunt for buyer continues June 7, 2022 Ted Baker’s chosen suitor has decided to drop its sales bid for the fashion retailer at the eleventh hour. The London-listed company confirmed that it had selected a chosen firm to oversee a public to private takeover at the end of last month. There has been speculation that this firm was Reebok and Forever 21 [...]
Ted Baker shares lift after reports Reebok owner could clinch £300m takeover May 30, 2022 Ted Baker shares have swelled after it was reported that Reebok owner Authentic Brands may win a takeover battle for the fashion chain. Shares were up by as much as 3.1 per cent in early trading on Monday. This followed a report by Sky News that Ted Baker was eager for Authentic Brands – which [...]
Ted Baker slashes losses as consumers splash cash on party and office-wear once more May 26, 2022 Ted Baker has narrowed its losses as the fashion brand edges closer to a private equity takeover. The London-listed retailer posted a loss before tax of £44.1m, an improvement of 59.1 per cent, in preliminary results for the year ended 29 January 2022. Ted Baker had suffered a £107.7m loss the year prior, after pandemic [...]
US private equity titan Sycamore abandons bid for Ted Baker May 23, 2022 Private equity giant Sycamore has pulled out of the race to snap up iconic fashion firm Ted Baker.
Ted Baker: Fashion retailer receives ‘a number’ of bids from suitors as sale hots up April 27, 2022 Ted Baker confirmed it has been the recipient of a number of bids from suitors hoping to snap up the high street fashion retailer. The clothes seller entered into a formal sales process earlier this month, after being wooed several times by US private equity firm Sycamore. It had previously revealed it had been approached [...]
Reebok owner ABG could table offer for Ted Baker April 23, 2022 Authentic Brands Group, the management company behind Reebok and Forever 21, is reportedly considering to make a bid for Ted Baker. City sources told Sky News the group is among several parties who could make a play for the London-listed fashion chain on Thursday, even though it is still not certain. ABG’s proposal could be [...]