Authentic Brands Group to acquire Ted Baker

Authentic Brands Group to acquire Ted Baker

Months of speculation have come to an end with the announcement that Ted Baker plc (TB) has reached agreement with Authentic Brands Group (ABG) over the sale of the entire share capital of TB to ABG for 110 pence per share. The acquisition will now be presented to TB shareholders with completion expected in Q4 2022.

Helena Feltham, interim chair of Ted Baker said: “Ted Baker was founded by Ray Kelvin in 1987 and through imagination, creativity, innovation and a rigorous focus on product design and quality, it has grown into a unique British brand with a strong global presence. The Ted Baker board would like to recognise and thank all those who have contributed to building the brand, including the management team and Ted Baker teams across the world.

“The Ted Baker board believes that ABG will be a strong and supportive owner of the business. We are confident that with ABG’s experience, reach and investment, the Ted Baker brand will be capable of achieving its long-term global potential.”



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