Reebok Owner Abg To Acquire Ted Baker Plans North American Expansion
Authentic Brands Group is the new owner of London-based fashion brand Ted Baker.
As reported, ABG revealed on Tuesday morning that it has signed a deal to purchase the U.K.-based brand for 110 pence a share, or around £211 million in total, a price that is about one-third lower than the 160 pence a share the company had originally expected.
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The deal is expected to be completed in the fourth quarter of 2022.
In a filing to the London Stock Exchange on Tuesday, Ted Baker noted that ABG is paying an 18% premium to the 93.10 pence share price at close of business on Aug. 15, the last business day before the announcement.
Ted Baker is a highly regarded, uniquely British brand whose strong fashion credibility resonates with consumers around the world, founder, chairman and CEO of ABG Jamie Salter said in a statement. We are excited to build on the brands global foundation through a business model focused on licensing, wholesale, retail, digital and strategic marketing partnerships. Under ABGs ownership, we believe that Ted Baker is poised for continued growth and success.
The Ted Baker Board believes that ABG will be a strong and supportive owner of the business, Helena Feltham, interim chair of Ted Baker added. We are confident that with ABGs experience, reach and investment, the Ted Baker brand will be capable of achieving its long-term global potential.
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Women’s Ted Baker Dresses
Launched as a menswear label in Glasgow in 1988, today Ted Baker is one of fashion’s leading brands for both men and women. For a smart workwear option or a sleek evening style, explore our range of Ted Baker dresses, where you’ll find daring minis, cocktail dresses and evening gowns. RSVP-ed to the event of the year? Feel at your most confident in one of these Ted Baker wedding guest dresses. Choose from floaty options in pastel tones to create a romantic aesthetic, as well as fitted designs in block colours from fresh coral to emerald green. Ted Baker is known for its love of florals, of which you’ll find plenty in our range, including intricate ditsy prints and abstract flowers. Why not style your floral dress with metallic sandals and an embellished clutch bag? Our collection of Ted Baker occasion dresses is brimming with designs for your next night out. Unexpected additions, like ruffles and tiers, help you stand out, as do voluminous sleeves and asymmetric hems. Look out for our green Project Earth banner to easily spot the styles that have been crafted from recycled materials, such as polyester and cotton. In the warmer months, go for loose fits and strappy details, while ribbed knitted styles are just the thing for winter.
Ted Baker Dress Cuts And Occasions
There are different dress cuts for various situations, such as fun beach dresses, chic evening and sheath, as well as tunic and dresses. You could wear one of the dresses while at a family dinner or attending a wedding. The pretty floral patterns would also give you a young, feminine look for a date.
- Wear at formal events
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Ted Baker Women’s Cocktail Dresses
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