Ted Baker owner Authentic mulls CVA as it cuts ties with UK retail partner
Ted Baker owner Authentic is reportedly mulling a CVA of the fashion retailer following the announcement it has cut ties with AARC, the Dutch retail group running its stores and ecommerce business across the UK and Europe.
Authentic Brands Group, which bought Ted Baker in August 2022 in a deal worth £211m, is close to appointing advisers on a restructuring of Ted Baker that aims to reduce its rent bill, The Telegraph reported.
The newspaper reported that consultants at Teneo are “favourites” to lead negotiations at the brand following a beauty parade of advisers, which also includes Begbies Traynor and another unnamed firm.
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