Ted Baker expected to be acquired by US Group Authentic Brands for £211 million1 min read . Updated: 16 Aug 2022, 01:07 PM IST
Ted Baker sale: The US group has offered 110 pence a share for the chain and the deal represents a premium of about 18% to the retailer's closing price on Monday.
Ted Baker Plc, which is best known for its floral designs, will be sold to Authentic Brands Group Inc, the owner of Juicy Couture, in a cash deal of about £211 million ($254 million) which could secure the future of the struggling UK fashion chain, according to news agency Bloomberg.
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