Authentic Brands Group, a brand owner, lifestyle, entertainment and marketing company, has acquired Ted Baker, a British lifestyle brand.

Ted Baker focuses on quality, design details and modern style. The brand offers contemporary designer style options and classics for men and women and is available in 370 stories, shop-in-shops and concessions worldwide. ABG looks to convert Ted Baker into a licensed business model, and seeks to manage the manufacturing, physical retail, e-commerce and wholesale operations of the Ted Baker business.

“This uniquely British brand enhances our fashion portfolio and further reinforces ABG’s brand presence in the UK, Europe and the Middle East,” comments Jamie Salter, founder, chairman and CEO of ABG. “The purchase of Ted Baker is in line with our strategic focus on growing and diversifying the portfolio through the acquisitions of brands that originate from outside of the US.”