Authentic Brands Group (ABG), the parent company of brands including Reebok and Juicy Couture, is considering a takeover bid for Ted Baker Plc. This is reported by various sources to Sky News. Ted Baker was formally put up for sale in early April.
ABG hasn’t made an official offer yet, but is reportedly considering it. The company is said to have been in talks with Ted Baker’s financial advisors and participated in a non-binding bidding process, Sky News reports.
One company definitely in the running to acquire Ted Baker Plc is Sycamore Partners Management LP. Sycamore has already submitted two bids, both of which were rejected by Ted Baker for being too low. According to Sky News, the bids were around 250 million British pounds, the equivalent of almost 300 million euros.
This translated post previously appeared on FashionUnited.nl.