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(Reuters) - British fashion retailer Ted Baker said on Monday it had launched a formal sale process, after private equity firm Sycamore improved its takeover proposal and another third party also showed interest in bidding for the company.
Ted Baker shares jumped 9.2% to 140.4 pence by 0805 GMT.
Reporting by Yadarisa Shabong in Bengaluru; Editing by Amy Caren Daniel
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