Ted Baker

The company put itself up for sale on 4 April after receiving several unsolicited approaches from private equity group Sycamore Partners. But it also continued to point out on Wednesday that there’s no guarantee a sale will happen and bidders still need to meet its criteria and “offer a value that the board considers attractive relative to the standalone prospects of Ted Baker as a listed company”. 

Management clearly believes that the company has strong prospects on its own, but some of the offers are likely to have got close to a level the board considers attractive, and the team is now inviting “a focused selection of such parties” to enter into a due diligence process. Under this, the company will provide information on its business to the bidders with non-disclosure agreements in place.