Authentic Brands Group (ABG) has completed its acquisition of Ted Baker in a deal valued at £211m.
Interim chair of Ted Baker, Helene Feltham, commented: “Ted Baker is a unique British brand with a strong global presence. Under the stewardship of ABG, I am confident that the brand will move from strength to strength and achieve its long-term potential. I look forward to following its future success.”
ABG founder and CEO Jamie Salter added: “This uniquely British brand enhances our fashion portfolio and further reinforces ABG’s brand presence in the UK, Europe and the Middle East. The purchase of Ted Baker is in line with our strategic focus on growing and diversifying the portfolio through the acquisition of brands that originate from outside of the US.”
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