Ted Baker’s retail operator secures fresh funding to fuel growth
Ted Baker’s retail and e-commerce operator has received a long-term secured facility, set to support its next stage of growth.
Solihull-based Secure Trust Bank Commercial Finance (STB CF), has provided a long-term secured facility to No Ordinary Designer Label (NODL), a part of the AARC Group, which oversees Ted Baker’s retail and e-commerce in the UK and Europe.
In collaboration with retail sector specialists Modella Capital, the facility aims to provide a platform for growth for Ted Baker’s operations under the AARC Group, following its acquisition of the licence earlier this year.
Carlos Radulovitch, CEO at No Ordinary Designer Label and AARC Group, said: “After securing the licence to Ted Baker operations in the UK & Europe, we’re focused on revitalising the business to its full potential and we are pleased to have secured a partnership with retail specialists Secure Trust and Modella to join us on this journey to growth. We are optimistic about Ted Baker’s bright future, working collaboratively with Authentic and the wider network of Ted Baker licensees.”
Paul Johnston, regional managing director (North West) at Secure Trust Bank Commercial Finance, said: “We are delighted to complete this transaction, alongside Modella Capital, for a retailer with a strong British heritage. This facility will provide NODL with the firepower to continue strengthening Ted Baker’s retail presence in the UK.”
NODL received advisory support from FTI Consulting, legal counsel for STB CF and Modella from Crowell & Moring UK LLP and Pinsent Masons LLP, and for NODL from Addleshaw Goddard LLP.