Ted Baker shares hit as suitor pulls bid for retail chain

Shares in the London-listed fashion chain fell by more than 15% after preferred bidder decided not to make an offer

Ted Baker said the preferred bidder had indicated its reason for not proceeding was not related to its due diligence review.

Shares in Ted Baker tumbled by more than 15% after the company said its first-choice suitor had decided not to make an offer, forcing the fashion chain to consider other options.

The preferred bidder – reported to be Juicy Couture and Forever 21-owner Authentic Brands – had indicated its decision was not because of its due diligence review, Ted Baker said.