Ted Baker owner secures new funding for struggling brand
Ted Baker owner Authentic Brands Group has secured new funding for the retailer, which it said will help grow its UK and European operations.
Authentic Brands said it had secured a deal with asset-based lender Secure Trust Bank Commercial Finance (STB CF), which had agreed to provide a “long-term secured asset-based facility” to Ted Baker operator AARC.
The new lending facility, provided in conjunction with Modella Capital, will “assist the business by providing a platform for the growth of Ted Baker’s UK and European retail operations under the AARC Group, which acquired the licence earlier this year”.
Already have an account? Sign in here
