Ted Baker PLC (LON:TED) has expanded its collaboration with fashion giant Next PLC (LON:NXT) with a lingerie and nightwear collection.
It comes as part of a three-year agreement and follows the current partnership on a childrenswear range, launched earlier this year.
READ: Ted Baker says e-commerce a bright spot as revenues slide
The collection, called B by Ted Baker, will launch in May 2021, when the current contract expires, and will be sold on both companies’ online channels.
Shares in Ted Baker rose 2% to 98p while Next was flat at 6,036p early on Friday.