Ted Baker Rises on Report Juicy Couture Owner Nears Takeover

People walk past a Ted Baker store on Floral Street, in London, Britain, April 3, 2022. Picture taken April 3, 2022. (Reuters)

Shares in Ted Baker rose 3.1% on Monday following a report that Juicy Couture owner Authentic Brands is the British fashion chain's preferred bidder and that the two firms could agree on a 300 million pound ($379.35 million) deal.

Ted Baker put itself up for sale in April, and last week said it had picked a preferred suitor to take forward the process after a flurry of revised proposals.