British retailer Ted Baker has agreed a £211 million takeover deal by Authentic Brands Group (ABG), the US owner of Reebok and Juicy Couture. Ted Baker’s shareholders were told by the company’s board that they have recommended a 110p per share deal. If the deal is confirmed, it will be worth nearly one-third less than […]
Stocks in Ted Baker Plc have plummeted as much as 15% following news that the fashion chain had significantly overstated its inventory of unsold goods.
It’s been impossible to miss the barrage of headlines heralding the death of the high street as a seemingly endless stream of household retail names announce financial woes. From Toys R Us to House of Fraser, Maplin to Debenhams, everywhere you look, there are profit warnings, redundancies, stores closing, and administrators swooping. Many believe that […]
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