No Ordinary Designer Label Ltd, which is part of the AARC Group, has secured a long term asset based facility which will underpin its efforts to revive and return the Ted Baker operation in the UK and Europe to profitability.
Ted Baker has had a chequered recent past, having been acquired by Authentic Brands Group, which then took the opportunity to change it to a licensed model. Terms were agreed in June 2023 for the AARC Group to become the retail operator of Ted Baker stores, concessions and its website for the UK and Europe.
Carlos Radulovitch, chief executive at No Ordinary Label Ltd and AARC Group, said: “After securing the licence to Ted Baker operations in the UK and Europe, we’re focused on revitalising the business to its full potential, and we are pleased to have secured a partnership with retail specialists Secure Trust and Modella to join u on this journey to growth.
“We are optimistic about Ted Baker’s bright future, working collaboratively with Authentic and the wider network of Ted Baker licensees.”
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