Ted Baker has raised more than its entire listed equity in a £95m cash call.
The ailing retailer said that it would use the proceeds to cut debt and pursue a “digital first” online strategy.
In March Ted Baker sold its London headquarters, called The Ugly Brown Building, for £79m.
The mixed-use scheme is expected to support 2,500 jobs once complete
The site holds hybrid planning consent for 1,493 homes, 475 hotel beds and 31,000 sq ft of commercial space
COMMENT Pedalling with purpose: How community action powers productivity
Take part in this year’s LGBTQIA+ in Real Estate Attitudes, Actions and Allies Survey
