PDS Limited along with Authentic Brands Group has signed a long-term strategic partnership for Ted Baker in Europe to establish Ted Baker Design Group as the brand s global hub for design and innovation.
The Authentic Brands Group Inc will buy UK clothing retail chain Ted Baker Plc in a cash deal of about $254 million. Ted Baker had put itself up for sale earlier this year.
Ted Baker has agreed an acquisition by a newly-formed entity of Authentic Brands Group (ABG) for GBP211m in a move analysts say could give the UK fashion brand the stability it needs to turn its fortunes around.