Ted Baker, a popular brand name in the UK, fell into administration last month, after more than a year of being sold to U.S.-based Authentic Brands Group. Authentic Brands is looking for a new operating partner for the retail and e-commerce business in the UK and across Europe.
Shares in troubled British clothing brand Superdry dived Tuesday after its chief executive ruled out a takeover of the troubled company.However, shares tumbled more than 50 percent to 14.14 pence in London afternoon deals on Tuesday after Dunkerton indicated he had decided against such a move.
Struggling fashion retailer Superdry, which is in talks to be taken private by its founder, is reportedly negotiating an additional multimillion-pound loan with one of its existing lenders.
Union leaders have warned business groups against pushing Keir Starmer to water down Labour’s plans to introduce sweeping reforms of workers’ rights and a ban on zero-hours contracts. As the Labour leader comes under pressure from industry to scale back its shake-up of employment laws, the Trades Union Congress (TUC) said the plans were “extremely popular” with voters and good for the economy. – Guardian