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Ted Baker PLC - London-based clothing retailer - Says it has received ‘a number of non-binding proposals from potentially interested parties’ in response to the formal sale process that it launched at the start of April. Ted Baker will invite a ‘focused selection’ of the bidders to enter due diligence but says there is no guarantee that a takeover offer will be made. Earlier this month, Ted Baker had confirmed that Sycamore Partners Management LP, the New York-based private equity firm whose spurned approaches had triggered the sales process, was participating.
Results for the financial year that ended on January 29, as well as a first-quarter trading update, will be published on May 26.
Current stock price: 150.02 pence, up 2.1% on Wednesday
12-month change: down 10%
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