Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Next and Frasers Group vying to acquire troubled Ted Baker

by April 9, 2024
April 9, 2024
Next and Frasers Group vying to acquire troubled Ted Baker

Next and Frasers Group have emerged as potential buyers for Ted Baker’s European retail business, signalling interest in salvaging the fashion label after its recent collapse into administration.

Both companies are in discussions with administrators at Teneo Advisory to explore the possibility of acquiring all or parts of Ted Baker’s operations.

The collapse of No Ordinary Designer Label Limited, Ted Baker’s retail and ecommerce business in Britain and Europe, last month prompted interest from retail heavyweights Frasers Group, helmed by Mike Ashley, and Next, under the leadership of Lord Wolfson of Aspley Guise. Authentic Brands Group, which acquired Ted Baker for £211 million in 2022, attributed the collapse to significant damage incurred during a partnership with AARC, a Dutch company overseeing Ted Baker’s UK and European operations.

While Ted Baker’s administration resulted in the closure of several stores and redundancies, potential buyers Next and Frasers Group are exploring avenues to salvage some shops under a prospective deal. Sources suggest that both companies have a limited timeframe to submit bids, with an announcement expected within the next three weeks.

Next and Frasers Group have established themselves as active players in the retail acquisition landscape, with Next acquiring brands like FatFace, Joules, and Cath Kidston, among others, in recent years. Frasers Group, on the other hand, has expanded its portfolio with acquisitions such as Matchesfashion, Wiggle, and Jack Wills, demonstrating a strategic focus on diversifying its retail offerings.

The interest shown by Next and Frasers Group in Ted Baker underscores the ongoing challenges faced by the fashion retailer since the departure of founder Ray Kelvin in 2019. Despite subsequent leadership changes and transformation efforts, Ted Baker has struggled to regain its footing in the market. Its acquisition by Authentic Brands Group in 2022 marked a shift to a privately owned and licensed business model, yet the company’s fortunes have continued to wane.

As Ted Baker navigates through administration, the prospect of acquisition by established retail players like Next and Frasers Group offers a glimmer of hope for the brand’s future, potentially providing a path to revitalization and sustainable growth in the retail landscape.

Read more:
Next and Frasers Group vying to acquire troubled Ted Baker

0
FacebookTwitterGoogle +Pinterest
previous post
Billionaire who helped Trump with $175M bond says he ‘probably didn’t charge enough’
next post
The High Cost of War: Ukraine Aid Could Top $240 Billion

You may also like

UK Competition Watchdog Raises Alarms Over Big Tech’s...

April 12, 2024

Lenders fear surge in mortgage defaults by end...

October 13, 2023

London nursery fees could hit 80% of the...

February 23, 2023

HMRC doubles payouts to tax whistleblowers amid calls...

November 20, 2024

Rayner defends plan to raise 18-year-old minimum wage...

August 8, 2025

Harry Potter star Emma Watson adds the magic...

March 17, 2024

Bank of England delays next interest rate decision...

September 9, 2022

VanceAI Review: Productivity Series Offers Accessibility and Results

March 30, 2023

Turnaround advisers say UK manufacturers and retailers need...

February 6, 2023

Former Dragon James Caan CBE becomes Enterprise Ambassador...

January 30, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • CDC Director Susan Monarez refuses to be fired as other officials call it quits

      August 28, 2025
    • Bill Gates met with Trump to talk ‘importance of US global health programs and health research’: spox

      August 28, 2025
    • Trump asks SCOTUS to uphold freeze on billions in USAID payments

      August 27, 2025
    • Three Years of Sounding the Debt Alarm at Cato and on the Debt Dispatch

      August 27, 2025
    • Trump Administration Rightly Attacks EU Tech Regulations but Tariffs and Censorship at Home Harm Americans 

      August 27, 2025
    • White House demands all Gaza hostages return home ‘this week’ amid stalled talks

      August 27, 2025

    Categories

    • Business (8,897)
    • Investing (2,246)
    • Politics (16,503)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved