Ted Baker Turns Down Takeover Proposals from Sycamore

Ted Baker Turns Down Takeover Proposals from Sycamore
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Ted Baker Turns Down Takeover Proposals from Sycamore

Ted Baker Turns Down Takeover Proposals from Sycamore

Britain's Ted Baker said on Monday it had rejected two unsolicited non-binding proposals from private-equity firm Sycamore Partners Management for a possible cash offer for the fashion retailer.

Ted Baker said it had concluded the proposals from New York-based Sycamore significantly undervalued the company and failed to "compensate shareholders for the significant upside that can be delivered by Ted Baker as a listed company.”



‘Recovering at Home’, Giorgio Armani to Miss Fashion Show for First Time in His Career

Designer Giorgio Armani appears at the end of the Giorgio Armani Fall-Winter 2025/2026 menswear collection during Milan Fashion Week, in Milan, Italy, January 20, 2025. (Reuters)
Designer Giorgio Armani appears at the end of the Giorgio Armani Fall-Winter 2025/2026 menswear collection during Milan Fashion Week, in Milan, Italy, January 20, 2025. (Reuters)
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‘Recovering at Home’, Giorgio Armani to Miss Fashion Show for First Time in His Career

Designer Giorgio Armani appears at the end of the Giorgio Armani Fall-Winter 2025/2026 menswear collection during Milan Fashion Week, in Milan, Italy, January 20, 2025. (Reuters)
Designer Giorgio Armani appears at the end of the Giorgio Armani Fall-Winter 2025/2026 menswear collection during Milan Fashion Week, in Milan, Italy, January 20, 2025. (Reuters)

Giorgio Armani will not attend his group's two shows at Milan's Men's Fashion Week as he is currently recovering at home, a company statement said on Friday, the first time in his career he will miss one of his catwalk events.

The designer, who will turn 91 in July, will not be at the Emporio Armani catwalk on Saturday or at the Giorgio Armani show on Monday, the statement said. It did not expand on his current health conditions.

Italian newswires reported on Friday that Armani had been in a Milan hospital for some days.

"Mr. Armani has worked with his usual dedication on the collections that will be presented," the company statement said, adding that although he could not be there in person, he will follow every step of the shows.

Known as "Re Giorgio" - King Giorgio - the designer is known for overseeing every detail of his collection and every aspect of his business, from advertising to fixing models' hair as they head out onto the catwalk.

At the end of all his shows, he comes out from backstage and onto the catwalk to greet his audience.

In his absence, Leo Dell'Orco, head of menswear design, will be doing so on his behalf, the group added.