.ted_baker said the reason for the suitor's withdrawal was 'not linked' to its due diligence review of the company.
According to industry sources, Bluestar Alliance is now the frontrunner in the race.
As reported, the criteria for any ABG acquisition is that it be a global brand with growth potential, much of it centered around licensing opportunities. received a number of non-binding proposals. In late May it selected its “preferred counterparty” to pursue further due diligence. As reported, Ted Baker narrowed losses in fiscal 2022 and saw group sales climb nearly 21 percent to 428.2 million pounds in the year ended Jan. 29.’s chief executive officer, said the company is making “good progress” against its transformation plan and delivered “strong sales momentum” in 2022. She added that growth trends have continued into the current year as people return to work, and to socializing.
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