August 28, 2019 / 6:23 AM / 21 days ago

Ted Baker seeks to propel growth in Japan with license partnership

Aug 28 (Reuters) - Britain’s Ted Baker Plc said on Wednesday it tapped Sojitz Infinity Inc as its Japanese retail license partner to help push the fashion retailer’s long-term growth plan in Japan.

The company, which flagged an “extremely difficult” start to 2019 in June, said costs related to the deal would be 4 million pounds ($4.91 million) and will add to earnings in the current financial year.

$1 = 0.8145 pounds Reporting by Tanishaa Nadkar in Bengaluru; Editing by Bernard Orr

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