Ted Baker’s Sale Of Big Lobster Limited To The British Airways Pension Fund


Addleshaw Goddard advised Ted Baker on its sale.

The cross-sector deal saw Ted Baker selling the company Big Lobster Limited, a wholly-owned Ted subsidiary, whose sole asset is the building. It is part of a transformational de-leveraging strategy put in place by the new executive management. As the value of Big Lobster is more than 25% of the parent company’s market capitalisation, it is classified as a Class One transaction under the Listing Rules.

Ted Baker plc is a British luxury clothing retail company. It is listed on the London Stock Exchange.

The AG team was led by Simon Wood (Picture), Andrew Rosling, and William Boss. It included Natalie Steur, Isabelle Kilner, Jeremy Cruse, Jack Edwards (Corporate), Julie Hodkinson, Charlotte Downes, Rhian Baggaley, Bilal Patel (Real Estate), Justine Delroy, Chris Fox (Tax), Gary Sector, Sarah Hodge (Planning).

Involved fees earner: Rhian Baggaley – Addleshaw Goddard; William Boss – Addleshaw Goddard; Jeremy Cruse – Addleshaw Goddard; Justine Delroy – Addleshaw Goddard; Charlotte Downes – Addleshaw Goddard; Jack Edwards – Addleshaw Goddard; Chris Fox – Addleshaw Goddard; Sarah Hodge – Addleshaw Goddard; Julie Hodkinson – Addleshaw Goddard; Isabelle Kilner – Addleshaw Goddard; Bilal Patel – Addleshaw Goddard; Andrew Rosling – Addleshaw Goddard; Gary Sector – Addleshaw Goddard; Natalie Steur – Addleshaw Goddard; Simon Wood – Addleshaw Goddard;

Law Firms: Addleshaw Goddard;

Clients: Ted Baker ;