Edition:
India

Ted Baker Enters License Agreement With Next Plc For Childrenswear Products


Friday, 16 Aug 2019 

Aug 16 (Reuters) - Ted Baker PLC ::APPOINTMENT OF NEW CHILDRENSWEAR LICENCE PARTNER.ENTERED INTO A NEW PRODUCT LICENCE AGREEMENT WITH NEXT PLC TO ACCELERATE EXPANSION OF TED BAKER'S CHILDRENSWEAR COLLECTIONS.NEXT WILL CREATE AND SELL TED BAKER CHILDRENSWEAR PRODUCTS IN COLLABORATION WITH CREATIVE TEAM AT TED BAKER.AGREEMENT WITH NEXT PLC WILL RUN FOR AN INITIAL FIVE-YEAR PERIOD.NEW COLLECTIONS WILL LAUNCH IN SPRING 2020 AND SOLD THROUGH NEXT'S RETAIL CHANNELS AND WHOLESALE RELATIONSHIPS, TED BAKER'S WEBSITES.DOES NOT ANTICIPATE A MATERIAL FINANCIAL IMPACT FROM AGREEMENT WITH NEXT IN CURRENT FINANCIAL YEAR NOR IN 2020/21 FINANCIAL YEAR.CO'S CURRENT CHILDRENSWEAR PRODUCT RELATIONSHIP WITH DEBENHAMS WILL END ON 29 FEBRUARY 2020.CO RETAINS RELATIONSHIP WITH DEBENHAMS WHICH REMAINS A LICENCE PARTNER FOR LINGERIE AND NIGHTWEAR.