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(Alliance News) - US private equity firm Sycamore Partners is mulling a takeover approach for London-listed fashion retailer Ted Baker PLC, Sky News reported on Friday.
Sky said it has learnt that New York-based Sycamore is working with advisers to examine a possible offer, and one source said the buyout firm was considering making a formal approach to the Ted Baker board.
However, a source also said it was possible Sycamore will not decide to make a formal approach, or that public disclose of its interest could prompt it to walk away.
https://news.sky.com/story/american-private-equity-firm-sycamore-has-designs-on-fashion-chain-ted-baker-12568677
Shares in Ted Baker closed up 8.9% at 98.75 pence in London on Thursday. However, the stock has shed 20% over the past 12 months.
By Lucy Heming; lucyheming@alliancenews.com
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