Ted Baker seeks lifeline from equity market

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By Aidan Gregory
01 Jun 2020

UK fashion group Ted Baker is seeking £95m of emergency funding via a firm placing and open offer after making a steep loss in its 2019 financial year.

The £95m of new shares being sold is more than Ted Baker’s £60m current market capitalisation, following a 12% fall in its share price on Monday morning after the transaction and results were announced.

Goldman Sachs and Liberum are bookrunners on the firm placing and open ...

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