US-based private equity firm Sycamore Partners has confirmed it is in the “early stages of considering” a bid for embattled fashion retailer Ted Baker.
Under the Takeover Rules, Sycamore Partners has 28 days to firm up a bid for Ted Baker or step away. The company said today “there can be no certainty that an offer will ultimately be made nor as to the terms on which any offer may be made”.
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