Fashion Investments and M&A

Date: 10 September 2018
Buyer: Ted Baker
Target: No Ordinary Shoes Limited and No Ordinary Shoes USA LLC Vendor Pentland Group Plc
Business: Footwear retailer
Value: Up to £21million (£13million on closing plus a net asset adjustment expected to be between £4-8million)
Details: Ted Baker brings its UK and US footwear operations in house with the purchase of No Ordinary Shoes Limited and no Ordinary Shoes USA LLC in a deal financed by Ted Baker’s existing bank facilities.