US private equity firm Sycamore Partners confirmed on Friday that it is in the early stages of considering a possible cash offer for London-listed fashion retailer Ted Baker.
In a brief statement responding to press speculation, Sycamore said there can be no certainty that an offer will ultimately be made nor as to the terms on which any offer may be made.
Under UK takeover rules, Sycamore now has until 1700 GMT on 15 April to either announce a firm intention to make an offer or walk away.
