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. With this investment, Burberry will secure capacity, build technical outerwear capability and further embed sustainability into its value chain. The acquisition will complement Burberry’s historic manufacturing centres in Yorkshire, UK, where it will continue to weave gabardine and make the British luxury brand’s iconic heritage trench coat, and invest in its operations. It follows the successful integration of Burberry’s leather goods hub in Florence, Italy.
Approximately 70 of Pattern’s employees in Turin will join Burberry on completion of the acquisition, expected later this year. Pattern will continue to operate the parts of the business not included in the transaction.
Jonathan Akeroyd, CEO, commented: “This strategic investment is an important next step in bringing our outerwear category to full potential. It will enhance our capabilities, building on our strong foundations in the UK, and provide greater control over the quality, delivery and sustainability of our products. It’s an exciting development and I am delighted to welcome our new colleagues on board.”
Julian Easthope VP, Investor Relations
020 3367 4458
[email protected]
Andrew Roberts SVP, Corporate Relations and Engagement
020 3367 3764
[email protected]
