Skip to content

UK Designer Ted Baker Picks Preferred Bidder After Sycamore Bows Out

  • Ted Baker shares jump 4.6% in early trading in London
  • Private equity fund Sycamore has left bidding process
Ted Baker said it will begin a due diligence process with the preferred bidder.

Ted Baker said it will begin a due diligence process with the preferred bidder.

Photographer: Chris J. Ratcliffe/Bloomberg
Updated on

Ted Baker Plc picked a preferred bidder after receiving a number of revised takeover proposals and said that private equity fund Sycamore Partners Management LP has dropped out of the process.

The UK designer said Monday it will begin a due diligence process with the preferred bidder, which will probably take several weeks. The stock rose as much as 4.6% in early trading.