Authentic Brands Group rumoured to acquire Ted Baker

Worldwide
Published:  31 May, 2022
Credit: Ted Baker

Authentic Brands Group (ABG) is reportedly the frontrunner in the bidding process for fashion retailer Ted Baker.

Sky News reported the rumour, learning that ABG is willing to pay more than 150p per share for the company.

In a stock exchange announcement, Ted Baker said that its board had "selected a preferred counterparty to take forward into a process of confirmatory due diligence”.

This new purchase would follow ABG’s acquisition of footwear company Reebok earlier this year.

Source: Sky