Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Aviva First-Half Operating Profit Jumps 24% as Direct Line Deal Boosts Growth 
US Dollar Slips as Weak Retail Sales Reduce Fed Rate Hike Bets 
China Automakers Accelerate Global Expansion as Domestic Car Sales Slump 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Paramount Skydance Clears Regulatory Hurdles for Warner Bros. Discovery Deal 
KOSPI Eyes Best Weekly Gain Since June as Samsung, SK Hynix Rally 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
S&P 500 Hits Record High as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Rise as AI Chip Rally Lifts South Korea, Japan 
Asian Currencies Steady Ahead of US CPI as Oil Prices Rise 
US Dollar Slips as Softer PPI Data Eases Fed Rate Hike Expectations 
Gold Prices Retreat From Two-Month High as Softer Inflation Eases Fed Rate Hike Bets 
Oil Prices Slide as OPEC, IEA Cut 2026 Demand Forecasts 
Trump Imposes New Tariffs on Drone Imports Over US Security Concerns 
Add as a preferred source on Google
The Authentic Brands Group that owns Reebok, Juicy Couture, and Forever 21 has struck a deal to buy the British high-street clothing retail company, Ted Baker. The acquisition is worth $254 million or about £211 million.
CNBC reported that the Authentic Brands Group and Ted Baker company agreed that payment would be in all cash at 110 pence for each Ted Baker share. The amount is said to be equivalent to a premium of about 18% to its closing price on Monday this week.
Ted Baker, which is listed on the London Stock Exchange, said that its board members are set to unanimously recommend for shareholders to vote for the deal. Once the acquisition is completed, ABG revealed it is planning to split the Ted Baker business into an intellectual property holding company and one or more companies that will manage the brand’s store operations, wholesale, and e-commerce businesses.
The brand management company headquartered in New York will also look into other options to transfer either full or partial control and ownership of the separate companies to partners. The buyout was announced by ABG on Tuesday, Aug. 16, and this confirmed the months of speculations about the future of Ted Baker.
It was mentioned that the UK-based fashion brand was forced to sell the company earlier this year as it failed to cope with the difficulties brought about by issues related to the Covid-19 pandemic. Before this deal, Ted Baker already rejected a number of bids from Sycamore Partners private equity chain firm.
“We are excited to build on the brand’s global foundation through a business model focused on licensing, wholesale, retail, digital and strategic marketing partnerships,” Jamie Salter, ABG’s founder and chief executive officer, said on Tuesday in a statement.
Reuters also quoted the company as saying in a separate statement regarding the deal, "ABG believes there are significant growth opportunities for the Ted Baker brand in North America given its strong consumer recognition in this market."
Finally, with the Authentic Brands Group deal, Ted Baker is now in the middle of carrying out its turnaround plan and is anticipating an increase in demand for its leisure and office apparel line.
