Ted Baker puts itself up for sale after third Sycamore approach

Ted Baker, Knightsbridge, London. Fashion brand Ted Baker has launched a formal sale process (Jonathan Brady/PA)

Ted Baker has launched a formal sale process after receiving a third takeover move by US private equity suitor Sycamore Partners.

Shares in the company jumped on Monday morning after the fashion brand said it had also received another “unsolicited” approach by an unnamed party.