Ted Baker seeks lifeline from equity market

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial