New York based private equity group Sycamore Partners is considering an offer for UK high street fashion chain Ted Baker.
The PE group, which specialises in investing in retail and consumer businesses, said in a statement on Friday that it was “in the early stages of considering making a possible cash offer for Ted Baker”, although it added that “there can be no certainty that an offer will ultimately be made”.
Sycamore now has until April 15 to decide whether to bid.
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