(ABG) has announced its agreement on a recommended acquisition of Ted Baker, a British lifestyle company.
Ted Baker’s offerings include apparel, accessories, footwear, fragrance and home, with distribution across five continents. Ted Baker has 370 stores and concessions in the U.K., Europe, North America, Middle East, Africa, Asia and Australasia.
“Ted Baker is a highly regarded, uniquely British brand whose strong fashion credibility resonates with consumers around the world,” says Jamie Salter, founder, chairman and chief executive officer, ABG. “We are excited to build on the brand’s global foundation through a business model focused on licensing, wholesale, retail, digital and strategic marketing partnerships. Under ABG’s ownership, we believe that Ted Baker is poised for continued growth and success.”
After completion of the acquisition, ABG intends to separate the Ted Baker business into an intellectual property holding company which would remain controlled by ABG to own and manage the worldwide licensing operations of the Ted Baker brand and be responsible for its global marketing strategy. One or more operating companies would manage the physical retail, e-commerce and wholesale operations of the Ted Baker business.
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