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Ted Baker ties up with RSH for retail distribution
05 Dec '05
3 min read
Fashion designer Ted Baker PLC is pleased to announce that it has signed its second Asian territorial licence and a Middle East licences with RSH Limited, a company listed on the Singapore Stock Exchange, will cover retail distribution of the Ted Baker brand in Singapore, Malaysia, Thailand, Indonesia, UAE, Saudi Arabi, Bahrain, Qatar, Oman, Kuwait and Lebanon.
Fashion brand marketer RSH is a leading marketer, distributor and retailer of sports and lifestyle products across Asia and the Middle East, operating 390 stores and 480 shop-in-shops in 11 countries.
The agreements with RSH Limited are subject to minimum guarantees and minimum store opening targets. The licences will run for six years to 31 December 2011 with a possible renewal for a further 5 years subject to specific performance criteria.
The licences are in line with Ted Baker's strategy of developing its presence in Asia and the Middle East in conjunction with key territorial partners. The new licences will complement the first Asian territorial licence with Li & Fung, announced in October 2005. Li & Fung's licence covers retail and wholesale distribution in Hong Kong, Macau, China, Taiwan and South Korea.
Dallas store opening
On 11 November 2005, Ted Baker opened a new 3,500ft2 store in Dallas as part of the greatly anticipated expansion of the exclusive North Park Center. The store is the latest step in Ted's growth within the United States, with seven Ted storesnow trading, situated in Las Vegas, Los Angeles, New York, San Francisco, San Jose, Miami and Dallas.
Fashion brand marketer RSH is a leading marketer, distributor and retailer of sports and lifestyle products across Asia and the Middle East, operating 390 stores and 480 shop-in-shops in 11 countries.
The agreements with RSH Limited are subject to minimum guarantees and minimum store opening targets. The licences will run for six years to 31 December 2011 with a possible renewal for a further 5 years subject to specific performance criteria.
The licences are in line with Ted Baker's strategy of developing its presence in Asia and the Middle East in conjunction with key territorial partners. The new licences will complement the first Asian territorial licence with Li & Fung, announced in October 2005. Li & Fung's licence covers retail and wholesale distribution in Hong Kong, Macau, China, Taiwan and South Korea.
Dallas store opening
On 11 November 2005, Ted Baker opened a new 3,500ft2 store in Dallas as part of the greatly anticipated expansion of the exclusive North Park Center. The store is the latest step in Ted's growth within the United States, with seven Ted storesnow trading, situated in Las Vegas, Los Angeles, New York, San Francisco, San Jose, Miami and Dallas.
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