Ted Baker turns down Sycamore’s £250m takeover bid March 28, 2022 Fashion chain Ted Baker has rejected a £250m takeover bid from New York based private equity firm Sycamore. The US firm had tabled a £250m offer for the chain last week, it was reported by Sky News at the weekend. The London-listed retailer confirmed it had rejected two non-binding proposals from Sycamore regarding a possible [...]
US private equity powerhouse Sycamore Partners makes £250m bid for Ted Baker March 28, 2022 US private equity group Sycamore Partners has reportedly made a formal £250m offer for the fashion chain Ted Baker.
UK bans export of luxury goods to Russia and introduces hiked import tariffs March 15, 2022 The UK has banned the export of luxury goods to Russia, including designer handbags and works of art. The Chancellor also outlined new import tariffs that will represent a 35 percentage point increase on current rates. The fresh tariffs will hit products like Russian vodka, fertiliser and steel. Products no longer allowed to be exported [...]
Ted Baker steams ahead with UK expansion despite Omicron dent to sales February 23, 2022 Ted Baker is set to steam ahead with its UK expansion plans – with hopes of a least three new stores each year over the next three years – despite the Omicron-induced dent to sales. The retailer saw sales plunge 42 per cent during the Omicron surge, in comparison with the final quarter of 2019. [...]
Fitzrovia: We focus on a London area that’s like the West End but cooler February 9, 2022 Although the central London district of Fitzrovia has no formal boundaries (it is part of both the London boroughs of Camden and Westminster), it is generally agreed that it sits between Euston Road to the north and Oxford Street to the south. “Today, Fitzrovia is popular with the more discerning London buyer who is looking [...]
Retail sector in shock: Ted Baker chairman John Barton dies suddenly December 6, 2021 Ted Baker chairman John Barton has died - with the company describing him as a "source of great wisdom" they will "hugely miss."
Ted Baker shows signs of recovery despite falling share prices November 11, 2021 Ted Baker is enjoying rebounding sales and has cut its losses by 70 per cent, with the clothing chain looking to revive its fortunes as pandemic restrictions ease. Brand sales are up 23 per cent to £433m year-on-year, retail sales have grown 10.4 per cent to £136.9m during the same period, and overall losses have [...]
Ted Baker sales jump 50 per cent in a year September 7, 2021 Ted Baker has reported strong sales in Q2 with revenue up 50 per cent compared to last year despite the ongoing impact of Covid-19 on retail. Store sales surged by +142 per cent between April 25 to August 14 compared to the same period a year ago. While sales were down -45 per cent compared [...]
Ted Baker upgrades London HQ to Gorgeous Brown Building in Fitzrovia July 23, 2021 Ted Baker has traded in its Ugly Brown Building headquarters after 20 years for what will be called the Gorgeous Brown Building in Fitzrovia. The lifestyle and fashion brand had previously owned the Ugly Brown Building in King’s Cross which was sold to British Airways Pension Trustees for £78.8m last year. Shares opened higher in [...]
From Noël Coward to Hugh Grant, Americans love British style June 17, 2021 This week saw the opening of a dazzling exhibition at the Guildhall Art Gallery dedicated to the art and style of Noël Coward. It celebrates the centenary of the Master’s West End debut as a 19-year-old playwright, with I’ll Leave It To You. Many of the exhibits come from the Noël Coward Archive Trust, and [...]