Ted Baker set for expansion after securing funding
Ted Baker is looking to grow its presence after its retail and commerce operator secured a long-term lending facility.
The fashion retailer’s operator, No Ordinary Design Limited – part of the AARC Group – secured the facility from asset-based lender Secure Trust Commercial Finance.
No Ordinary Design Limited said the facility will provide a “platform for growth” for Ted Baker.
Last year, Ted Baker was acquired by US-based conglomerate Authentic Brands for £211m. In June, AARC Group – which is based in The Netherlands – became the operator of Ted Baker’s stores, concessions, and website in the UK and Europe.
No Ordinary Designer Label Limited and AARC Group CEO Carlos Radulovitch said: “After securing the licence to Ted Baker operations in the UK & Europe, we’re focused on revitalising the business to its full potential and we are pleased to have secured a partnership with retail specialists Secure Trust and Modella to join us on this journey to growth.
“We are optimistic about Ted Baker’s bright future, working collaboratively with Authentic and the wider network of Ted Baker licensees.”
Earlier this year, Authentic Brands secured a £394.1m investment from global growth equity firm General Atlantic.