×
89 145
Fashion Jobs
URBN
Urbn Financial Analyst
Permanent · PHILADELPHIA
URBN
Free People CRM Analyst
Permanent · PHILADELPHIA
URBN
Free People Assistant Visual Manager
Permanent · WASHINGTON
BATH & BODY WORKS
Senior Manager, Stores Learning And Development
Permanent · COLUMBUS
TUMI
Director, Global Marketing
Permanent · NEW YORK
URBN
Free People Senior Merchandise Planner
Permanent · PHILADELPHIA
UNDER ARMOUR
Stock Lead, ft
Permanent · WOODBURY
PRANA
Director, Strategic Accounts & Sales Business Development
Permanent · CARLSBAD
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - ny 59th st
Permanent · NEW YORK
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Soho
Permanent · NEW YORK
BLOOMINGDALE'S
Registry Consultant, Full Time - Boca Raton
Permanent · BOCA RATON
H&M
842 Area Visual Manager
Permanent · LOS ANGELES
BLOOMINGDALE'S
Asset Protection Detective, Full Time - Short Hills
Permanent · MILLBURN
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · COSTA MESA
COLUMBIA SPORTSWEAR COMPANY
Regional Loss Prevention Manager (Northwest-us)
Permanent · SALEM
COLUMBIA SPORTSWEAR COMPANY
Operations Manager - Swing Shift
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Chestnut Hill
Permanent · NEWTON
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Chevy Chase
Permanent · CHEVY CHASE
BLOOMINGDALE'S
Asset Protection Detective, Full Time, San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Huntington
Permanent · HUNTINGTON STATION
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, San Francisco
Permanent · SAN FRANCISCO
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time, Dolphin Mall
Permanent · MIAMI
Published
Mar 18, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Ted Baker is in sights of private equity bidder - report

Published
Mar 18, 2022

Ted Baker is still focused on its turnaround programme so the last thing it needs is the distraction of dealing with a private equity bid. But it might have to do just that, with reports that US-based Sycamore Partners is working with advisers on a potential offer.




That’s according to Sky News, with its report driving the firm’s shares up over 8% by close of trading on Thursday. They edged up further in early Friday trading, but the company still only has a market capitalisation of just under £170 million. Its shares are valued at less than 92p each. That’s a far cry from its glory days in 2015 when they were changing hands for more than £27 each. 

Sycamore is believed to have not yet made a formal approach but is understood to be considering such a move. It wouldn’t be the first fashion-linked and UK-based investment for the American group with Sycamore being a retail specialist that previously owned Kurt Geiger.

It has also been linked to a $9 billion bid for US department store chain Kohl’s and had at one point been rumoured to be looking at a possible Boots buy.

While the firm is said to have already hired an investment bank to advise on any Ted Baker deal, there’s still no certainty that an offer will emerge.

Ted Baker is vulnerable to takeover approaches as its shares have fallen sharply form their highs of less than a decade ago and the past year has seen a roughly 20% drop.

Any bidder would likely have to pay a premium to get their hands on the business that is a major name in UK retail and also trades internationally with thousands of concessions around the world.

As mentioned, the firm is still focused on its turnaround after a raft of issues including an internal scandal linked to its founder, accounting mistakes, and the pandemic. It also lost its respected chairman John Barton who died last year.

But the recovery seems to be starting, with recent sales figures showing an upturn in the 12 weeks to the end of January.

Copyright © 2022 FashionNetwork.com All rights reserved.