The British fashion chain Ted Baker stated that it has selected the preferred interested party to proceed with the sale process, after a series of revised proposals by interested parties, while the private equity company Sycamore, has left.
“The sales plan will now go through a process – which will take weeks, of a confirmatory due diligence,” he added.
Ted Baker clarified that there can be no certainty that there will be an offer, while adding that he could end the process if he wishes.
Sycamore had shown interest in buying Ted Baker last month, raising its bid several times before the retailer put itself up for sale after attracting interest from other parties.
Ted Baker has not given any excuse for Sycamore to withdraw the interest.
Source: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
