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Ted Baker's proposed sale has been thrown into doubt after a preferred bidder for the fashion retailer pulled out of talks.
The US-based owner of Reebok, which also owns a controlling stake in David Beckham's portfolio of branded products, is being advised by Bank of America on a bid for Ted Baker.
Ted Baker has recorded a narrowed pretax loss for fiscal 2022 and said that sales grew 20% in the first quarter.
Ted Baker has selected a preferred suitor to take forward its sale process after a flurry of revised proposals from interested parties, while private equity firm Sycamore has dropped out.
Ted Baker has entered the next stage of its sale process and has invited a "focused selection" of interested parties to enter into due diligence.
Authentic Brands Group (ABG), the US giant behind Reebok and Forever 21, is reportedly exploring a takeover bid for Ted Baker.
Ted Baker founder Ray Kelvin is reported to have given his backing to a proposed buyout of the British brand by Sycamore Partners.
Ted Baker has confirmed that New York-based Sycamore Partners will take part in a formal sales process for the business.
Ted Baker has launched a formal sale process after rejecting a series of unsolicited bids from the US private equity firm Sycamore.
Ted Baker has confirmed that it has received and rejected two takeover proposals from private equity firm Sycamore Partners.