New York private equity firm Sycamore Partners considers potential offer to buy Ted Baker
New York private equity firm Sycamore Partners has confirmed it is mulling a potential offer to buy UK fashion brand Ted Baker.
In a statement, Sycamore said: “The company confirms that it is in the early stages of considering making a possible cash offer for Ted Baker.
“There can be no certainty that an offer will ultimately be made nor as to the terms on which any offer may be made.”
The firm must now confirm, in coherence with takeover rules, whether it plans to make a firm offer or walk away by 5pm on April 15.