Ted Baker’s shares jumped on reports that it was near to agreeing a takeover. Juicy Couture-owner Authentic Brands is reportedly close to agreeing a deal valued at about $380 million
is the British fashion chain's preferred bidder and that the two firms could agree on a 300 million pound deal.
Ted Baker put itself up for sale in April, and last week said it had picked a preferred suitor to take forward the process after a flurry of revised proposals. Sky News reported on Saturday that Authentic Brands has indicated it is willing to pay more than 150 pence per share for the company. At their peak in 2015, shares of Ted Baker were trading at 2,972 pence apiece.People walk past a Ted Baker store on Floral Street, in London, Britain, April 3, 2022. Picture taken April 3, 2022.
Last week, Ted Baker posted a smaller annual loss and pointed to robust sales in the coming months as demand for office and leisure wear rebounds.
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