Ted Baker preferred bidder pulls out, exit not linked to due diligence review
There was a new twist in the formal sale process for Ted Baker
It also added that it was informed of this decision last night but that this wasn’t linked to the suitor’s due diligence review of the company.
Ted Baker didn’t say who that preferred bidder was and it hasn’t identified it at any point in the process, although rumours in recent weeks suggested that Authentic Brands Group
So where does this leave Ted Baker? Well
Again, it stressed that there’s no certainty an offer will be made and it has said throughout the process that it’s not prepared to sell itself at a knockdown price, continuing to express confidence in its prospects as an independent stock exchange-listed company.
