Arafa Holding’s UK subsidiary signs license agreement with Ted Baker

Arafa Holding’s UK subsidiary Baird Group has signed a license agreement with British luxury clothing company Ted Baker to manufacture and distribute menswear for three years in the UK, Europe and other markets, the company said in an EGX filing (pdf). Baird Group, which operates in 48 retail stores and 147 concessions in the UK and Europe, entered voluntary insolvency procedures in July due to poor retail sector conditions which were exacerbated by covid-19. The corporate voluntary agreement was approved by creditors in August.