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The Latest Breaking News from Sycamore

Reebok owner Authentic Brands buys Ted Baker for £211 million

UK fashion retailer said it was facing the “risks of the uncertain economic environment”

Evening Standard

Why Kohl's Shares Are Surging Today

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, June 3

CNBC

Benzinga

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Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga

Authentic Brands in advanced talks to buy Ted Baker

Reebok owner emerges as preferred bidder for high street fashion chain

Evening Standard

Private equity group Sycamore drops out of race to buy Ted Baker

Unamed bidder will now move forward in the sale process

Evening Standard

Ted Baker Invites Preferred Suitor to Take Next Step, Sycamore Pulls Out

British fashion chain Ted Baker said on Monday it had picked a preferred suitor to take forward its sale process after a flurry of revised proposals from interested parties, while private equity firm Sycamore has dropped out. The sale plan will now move into a weeks-long process of "confirmatory due…

Asharq Al-Awsat

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Stone Brewing settles trademark lawsuit with rival craft brewery over 'Keep It Juicy' tagline

Stone Brewing has settled a trademark lawsuit brought by North Carolina craft beer maker Sycamore Brewing over the catch phrase "Keep It Juicy" — with both sides walking away without paying damages.

Tribune News Service

UK’s Ted Baker Attracts ‘Number’ of Proposals from Potential Suitors

Ted Baker has received "a number" of proposals from potentially interested suitors, it said on Wednesday, after the fashion retailer put itself up for sale earlier this month. The British firm, which has nearly 400 locations mostly in Europe, North America and the United Kingdom, launched a formal sale process…

Asharq Al-Awsat

Britain's Ted Baker Looks to Sell Itself after Takeover Interest

Ted Baker is open to selling itself at the right price after seeing a flurry of takeover interest, the British fashion retailer said on Monday in the wake of a robust rebound from the pandemic. Ted Baker launched a formal sale process after private equity firm Sycamore improved its takeover…

Asharq Al-Awsat

Ted Baker puts itself up for sale after third US private equity bid

Fashion chain attracts fresh offers as well as bids from the former Kurt Geiger owner Sycamore

The Guardian - UK

Ted Baker puts itself up for sale after third Sycamore approach

It comes a week after Ted Baker rejected two takeover approaches by Sycamore.

The Independent UK

Ted Baker Turns Down Takeover Proposals from Sycamore

Britain's Ted Baker said on Monday it had rejected two unsolicited non-binding proposals from private-equity firm Sycamore Partners Management for a possible cash offer for the fashion retailer. Ted Baker said it had concluded the proposals from New York-based Sycamore significantly undervalued the company and failed to "compensate shareholders for…

Asharq Al-Awsat

Ted Baker share price surges as US private equity firm Sycamore Partners mulls takeover

The New York investor has previously owned brands including Kurt Geiger and Nine West

Birmingham Post

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Asharq Al-Awsat

British Fashion Chain Ted Baker Draws US Takeover Interest

Sycamore Partners is in the early stage of making a possible cash offer for fashion retailer Ted Baker (TED.L), the private equity firm said on Friday, in the latest sign of strong US interest in taking over British entities. New York-based Sycamore, which specializes in deals in the struggling retail…

The Independent UK

US firm Sycamore Partners mulls takeover deal for Ted Baker

Ted Baker, which has seen its shares slide by almost 95 per cent over the past four years, saw its stock leap higher on Friday morning

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