No Ordinary Designer Label Limited (t/a Ted Baker)
Completion: November 2023
Location: London
Industry: Fashion
Using our industry expertise and capital to support No Ordinary Designer Label Limited and the Ted Baker brand is a great example of what we’re trying to achieve at Modella Capital. We are excited to work closely with Secure Trust Bank as NODL stabilises and grows its business.- Joseph Price, Managing Partner at Modella
Project Information
Modella Capital are pleased to announce that alongside, specialist asset-based lender, Secure Trust Bank Commercial Finance (“STB CF”), we have provided a £25m secured asset-based facility to No Ordinary Designer Label Limited (“NODL”), part of the AARC Group, the licensee of the UK and European operations for the distinctive British lifestyle brand, Ted Baker.
The facility will assist the business by providing a platform for the growth of Ted Baker’s UK and European retail operations under the AARC Group, who acquired the licence earlier this year.
Founded in 1988 in Glasgow, Ted Baker is available in 191 freestanding stores, shop-in-shops, and outlets in 49 countries worldwide. In October 2022, Ted Baker was acquired by Authentic Brands Group (“Authentic”) for £211m.
Authentic will continue to support the business and management team, while the new funding will allow AARC Group to stabilise the operations of NODL and focus on growth.