FASHION RETAIL NEWS UK
Ted Baker mulls bid offerings as it enters next stage of sale process
27 April, 2022 | by Angela Beevers
Ted Baker has said it has received a number of non-binding proposals from potential bidders as it gave an update on its formal sale process.
The news follows the fashion retailer entering the process earlier this month after it received approaches from the Sycamore US private equity firm.
The company’s board is now inviting a “focused selection” of the interested parties to enter into a due diligence process and will be providing them with business information as part of this next stage.
Ted Baker also said there can be no certainty that an offer will be made nor on the terms of any potential offer.
The company is planning to announce its full year and first quarter trading update on 26 May 2022.
