Ted Baker has been sold for £211 million (Jonathan Brady/PA)
(Picture: PA Archive)High street fashion retailer Ted Baker has been sold for £211 million to US-based Authentic Brands Group (ABG) the Reebok owner that also manages the brand assets of celebrity David Beckham.
The two companies reached an agreement for the all-cash deal, at 110 pence-a-share, much less than the 160 pence that was being touted for the brand earlier this year. The board of the retailer has unanimously recommended the offer.
