Private equity firm Sycamore has dropped out of the bidding for retailer Ted Baker (Nick Ansell/PA)
(Picture: PA Archive)US private equity group Sycamore has abandoned its bid to acquire high street fashion retailer Ted Baker.
The company said that Sycamore had pulled out of the acquisition race and that the board now reserved the right to “reject any approach or terminate discussions with any interested party” at any time.
