Ted Baker's share price rose on Friday following the news a US private equity firm is mulling a potential takeover of the fashion brand.
New York-based Sycamore Partners has confirmed it is considering making a possible cash offer for the retailer. The firm has previously owned brands including Kurt Geiger and Nine West.
Ted Baker, which has seen its shares slide by almost 95% over the past four years, saw its stock leap higher on Friday morning.