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Burberry today announces the completion of the acquisition of a product . Luxury fashion brand Burberry said it will acquire a leather goods business from .
Burberry today announces the completion of the acquisition of a product development business from longstanding Italian supplier, Pattern SpA. This strategic investment will enhance Burberry’s technical outerwear capabilities and provide greater control over the quality, cost, delivery and sustainability of its products. Luxury fashion brand Burberry said it will acquire a leather goods business from Italian supplier partner CF&P, Sourcing Journal reported. Burberry CEO Marco Gobbetti called the acquisition a "major milestone" and said the move would give the brand "greater control over quality, cost, delivery and sustainability of our leather goods," according . Burberry will acquire its longstanding technical outerwear supplier, Pattern, for €21 million later this year, in a bid to ensure capacity, build its capabilities and “further embed” sustainability into its value chain. Burberry, which is seen as punching below its weight in handbags and leather accessories compared to its peers, said it will be taking a team of around 100 leather goods specialists in-house as part of the deal agreed with CF&P, one of its longstanding suppliers.
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Burberry today announces that it has entered into an agreement to acquire a business from longstanding Italian supplier, Pattern SpA. For almost two decades, Burberry has partnered with Pattern to produce luxury ready-to-wear including quilts and downs at the Italian company's product development site in Turin, Italy. Burberry has announced a “strategic investment” in leathergoods as it moves from a mainly apparel focus to grow its accessories business, buying a luxury leathergoods firm from longstanding Italian partner CF&P. Burberry has entered into an agreement to acquire a luxury leather-goods business from longstanding Italian partner CF&P. CF&P employees, including the team of expert craftsmen who have worked closely with Burberry for more than a decade, will transfer to the company on completion of the transaction, expected later this year. PARIS (Reuters) - Burberry is to take over one of its leather goods suppliers in Italy as the British group seeks to boost its handbag business in a drive to take its brand more upmarket.
For Burberry, the focus is on its leather supply chain. The luxury brand said Monday that it has entered into a strategic agreement to acquire a luxury- leather goods business from long-term Italian supplier partner CF&P. The British stalwart brand announced on Monday that it will be taking a team of around 100 leather goods specialists in-house as part of the deal agreed with CF&P, one of its longstanding Italian leather suppliers in a move to “boost its handbag business in a drive to take its brand more upmarket” with the help of former Celine CEO Marco .
Burberry today announces the completion of the acquisition of a product development business from longstanding Italian supplier, Pattern SpA. This strategic investment will enhance Burberry’s technical outerwear capabilities and provide greater control over the quality, cost, delivery and sustainability of its products. Luxury fashion brand Burberry said it will acquire a leather goods business from Italian supplier partner CF&P, Sourcing Journal reported. Burberry CEO Marco Gobbetti called the acquisition a "major milestone" and said the move would give the brand "greater control over quality, cost, delivery and sustainability of our leather goods," according . Burberry will acquire its longstanding technical outerwear supplier, Pattern, for €21 million later this year, in a bid to ensure capacity, build its capabilities and “further embed” sustainability into its value chain. Burberry, which is seen as punching below its weight in handbags and leather accessories compared to its peers, said it will be taking a team of around 100 leather goods specialists in-house as part of the deal agreed with CF&P, one of its longstanding suppliers.
Burberry today announces that it has entered into an agreement to acquire a business from longstanding Italian supplier, Pattern SpA. For almost two decades, Burberry has partnered with Pattern to produce luxury ready-to-wear including quilts and downs at the Italian company's product development site in Turin, Italy. Burberry has announced a “strategic investment” in leathergoods as it moves from a mainly apparel focus to grow its accessories business, buying a luxury leathergoods firm from longstanding Italian partner CF&P.
Burberry has entered into an agreement to acquire a luxury leather-goods business from longstanding Italian partner CF&P. CF&P employees, including the team of expert craftsmen who have worked closely with Burberry for more than a decade, will transfer to the company on completion of the transaction, expected later this year.
PARIS (Reuters) - Burberry is to take over one of its leather goods suppliers in Italy as the British group seeks to boost its handbag business in a drive to take its brand more upmarket. For Burberry, the focus is on its leather supply chain. The luxury brand said Monday that it has entered into a strategic agreement to acquire a luxury- leather goods business from long-term Italian supplier partner CF&P.
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