Home / Knowledge / News / Apparel/Garments / Ted Baker to take over No Ordinary Shoes

Ted Baker to take over No Ordinary Shoes

Sep '18
Courtesy: Ted Baker
Courtesy: Ted Baker
Ted Baker, the global lifestyle brand, has entered into an agreement with Pentland Group, the company's footwear licensee since 2001, to take over the issued share capital of No Ordinary Shoes Limited and No Ordinary Shoes USA LLC for an aggregate consideration of £13 million, plus an adjustment for net assets of the these companies as at completion date.

The net assets are anticipated to be between £4-8 million. Pentland currently holds the exclusive global licence from Ted Baker to manufacture and distribute footwear under the Ted Baker brand. Accordingly, following completion of this acquisition, Ted Baker will bring its footwear licence back in-house.

The aggregated sales of the No Ordinary Shoes Limited and No Ordinary Shoes USA LLC (target companies) for the year ended December 31, 2017 totalled £39.8 million. The acquisition will be financed by the company's existing bank facilities and is expected to enhance the earnings of Ted Baker in FY2019/20 and beyond.

Following completion of the acquisition on December 31, 2018 the target companies will be integrated into Ted Baker's current operations.

Commenting, Ray Kelvin CBE, founder and chief executive of Ted Baker, said: "I would like to thank Pentland for their hard work and dedication over the last 17 years during which they have been close friends of Ted Baker and trusted custodians of the brand. This is an exciting opportunity for Ted Baker to drive further growth in our footwear business by leveraging our global footprint and infrastructure, in line with our strategy to further develop Ted Baker as a global lifestyle brand."

Richard Newcombe, global president of Footwear Division at Pentland, said: "It's been a pleasure to have partnered with the Ted Baker team for the last 17 years. Since becoming the Ted Baker footwear licensee in 2001, we've grown the footwear category by more than 800 per cent and increased distribution from 60 retailer partners in 8 markets, to over 200 in 28 markets. We have worked closely with the team at Ted to ensure our strategies are perfectly aligned, and that the product captures what makes Ted Baker such a special and unique brand.” (SV)

Fibre2Fashion News Desk – India

Must ReadView All

Courtesy: Businesswire/PrimaLoft

Textiles | On 18th Nov 2018

PrimaLoft unveils PrimaLoft Bio Performance Fabric

PrimaLoft, a leader in advanced material technology, has unveiled...

Higher sales and earnings at Macy's in Q3FY18

Fashion | On 18th Nov 2018

Higher sales and earnings at Macy's in Q3FY18

Higher sales and earnings were recorded at Macy’s, one of the premier ...

Courtesy: Amazon

Apparel/Garments | On 18th Nov 2018

Amazon's new headquarters in New York City, Arlington

Amazon is setting up two new headquarters, one in New York City and...

Interviews View All

Vasanth Kumar, Max Fashion India

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Arvind Saraf, Triveni Sarees

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Md Hanifur Rahman, Aman Group

Md Hanifur Rahman
Aman Group

The level of understanding the job role and organisational requirements...

Karen Lou,

Karen Lou

Australia-based Sunseeker has been creating swimwear since 1970. Sunseeker ...

Harsh Shah,

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Marten Alkhagen, Swerea IVF AB

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra, Huemn

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Advanced Search