THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Ted Baker agrees £211 million sale to Authentic Brands Group

Fashion retailer Ted Baker has agreed to a takeover by Reebok owner Authentic Brands Group in a £211 million deal. In a statement, the US company… View Article

FASHION RETAIL NEWS UK

Ted Baker agrees £211 million sale to Authentic Brands Group

Fashion retailer Ted Baker has agreed to a takeover by Reebok owner Authentic Brands Group in a £211 million deal.

In a statement, the US company said it believed it will be a good custodian of the Ted Baker brand and will be well positioned to accelerate its growth, particularly in North America.

The group currently owns a 50% stake in SPARC Group which  operates around 1,660 stores in US and has substantial ecommerce and wholesale operations. As a result, ABG may consider entering into formal discussions regarding the combination of Ted Baker operations in North America with those of SPARC.

On completion of the acquisition, ABG is planning to separate the Ted Baker business into an intellectual property holding company and one or more operating companies. The latter would manage the physical retail, ecommerce and wholesale operations of the Ted Baker business. The group will also explore options to transfer full or partial ownership and control of some or all of the operating companies to partners with established operating businesses.

Helena Feltham, interim chair of Ted Baker said: “In April 2022, after receiving a number of unsolicited bid proposals and having consulted with our major shareholders, the Ted Baker Board decided to launch a formal sale process to evaluate interest in the business. The process was thorough and attracted global interest.

“The Ted Baker board believes that ABG will be a strong and supportive owner of the business. We are confident that with ABG’s experience, reach and investment, the Ted Baker brand will be capable of achieving its long-term global potential.”

Jamie Salter, founder, chairman and chief executive of ABG, added: “Ted Baker is a highly regarded, uniquely British brand whose strong fashion credibility resonates with consumers around the world. We are excited to build on the brand’s global foundation through a business model focused on licensing, wholesale, retail, digital and strategic marketing partnerships. Under ABG’s ownership, we believe that Ted Baker is poised for continued growth and success.”

Subscribe For Retail News