UK’s Ted Baker launches sale process as buyers show interest

2022.04.04 11:27

FILE PHOTO: People walk by a Ted Baker store in Manhattan, New York City, New York, U.S., March 29, 2022. REUTERS/Andrew Kelly

(Reuters) – British fashion retailer Ted Baker said on Monday it had launched a formal sale process, after private equity firm Sycamore improved its takeover proposal and another third party also showed interest in bidding for the company.

Ted Baker shares jumped 9.2% to 140.4 pence by 0805 GMT.

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