The Latest Breaking News from Ted Baker

Unamed bidder will now move forward in the sale process

Shares in the firm nudged higher after it told shareholders that several non-binding approaches have been made by ‘potentially interested parties’.

Ted Baker has received "a number" of proposals from potentially interested suitors, it said on Wednesday, after the fashion retailer put itself up for sale earlier this month. The British firm, which has nearly 400 locations mostly in Europe, North America and the United Kingdom, launched a formal sale process…

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It comes a week after Ted Baker rejected two takeover approaches by Sycamore.

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The fashion brand has been edging towards a return to profitability

Sycamore Partners is in the early stage of making a possible cash offer for fashion retailer Ted Baker (TED.L), the private equity firm said on Friday, in the latest sign of strong US interest in taking over British entities. New York-based Sycamore, which specializes in deals in the struggling retail…