What: Frasers Group and Next are reported to have expressed interest in acquiring Ted Baker's European retail business, No Ordinary Designer Label (NODL).

Why it is important: This potential acquisition highlights the ongoing consolidation in the fashion retail sector, driven by companies looking to expand their portfolio through distressed assets. Both Frasers Group and Next have a history of acquiring struggling brands, and their interest in Ted Baker underscores the challenges and opportunities within the retail industry amidst changing consumer behaviors and economic pressures.

Following the news that Ted Baker is set to close a third of its UK stores, reports have emerged that Frasers Group and Next are considering taking over the brand's troubled European retail business, No Ordinary Designer Label. The interest from these serial acquirers comes as NODL entered administration, facing insurmountable challenges according to its ultimate owner, Authentic Brands Group. Frasers Group and Next, known for acquiring and revitalizing distressed fashion brands, have a track record of engaging in such deals, with Next already having a partnership with Ted Baker for its kidswear, nightwear, and lingerie. The potential acquisition reflects the broader trends of consolidation in the retail sector and the strategic moves by leading players to navigate the complexities of the current market landscape.

Frasers Group and Next said to be eyeing Ted Baker