British fashion brand Ted Baker recieves offers of purchase

ALTHOUGH not originally for sale, British fashion brand Ted Baker has received a number of offers of interest to purchase the company which has more than 350 stores worldwide.

After an investor approached Ted Baker, there were quick follow-ups from Authentic Brands Group which has recently taken over sports clothing manufacturer Reebok and then a further expression of interest from American private equity firm Sycamore Partners.

Initial valuation appears to be in the region of £250 million although a statement from Ted Baker indicated that offers received so far undervalued the company which in turn saw shares push upwards.

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