Ted Baker agrees £211m takeover by Reebok owner Authentic Brands after Sycamore walks away from the deal

Ted Baker has agreed a £211m takeover by Authentic Brands Group, the US owner of Reebok and Juicy Couture.

Ted Baker’s board told shareholders they have recommended a 110p per share deal.

The retailer, which has nearly 400 locations, launched a formal sale process in April after US private equity firm Sycamore made a series of approaches for the brand and following interest from a number of other interested buyers.