Ted Baker has said it has received “a number” of takeover proposals since it put itself up for sale three weeks ago.
The 550-store fashion brand said its bankers at Evercore and Blackdown Partners were inviting a “focused selection” of parties to enter the due diligence stage, provided they sign non-disclosure agreements.
It is understood that Sycamore Partners, the private equity firm that initially approached Ted Baker, is in the running. It has made two offers, the last at 137½p a share, which would have valued the business at £254m.
