The acquisition will enable Burberry to secure capacity, build technical outerwear capabilities and embed more sustainability into its value chain. With this strategic investment, Burberry will gain greater control over the quality, delivery and sustainability of its products and increase its capabilities to build on the strong base of its manufacturing facilities in Yorkshire, UK, Burberry said in a media release.
Burberry has agreed to acquire its Italian supplier Pattern SpA for €21 million. The acquisition will enable Burberry to enhance its technical outerwear capabilities and embed sustainability into its value chain. Around 70 Pattern employees in Turin will join Burberry as part of the acquisition and operations will remain at the current site in Turin.
For nearly 20 years, Burberry has partnered with Pattern to produce luxury ready-to-wear products, including quilts and downs, at the Italian company’s product development site in Turin, Italy.
Jonathan Akerroyd, CEO, commented: “This strategic investment is an important next step in bringing our outerwear category to its full potential. This will increase our capacity, build our strong base in the UK and give us greater control over the quality, distribution and sustainability of our products. This is an exciting development and I am delighted to welcome our new colleagues on board.”
About 70 employees of Pattern in Turin will join Burberry after the acquisition is completed, which is expected to be later this year. The newly acquired operations will remain at the current site in Turin, Italy.
Pattern aims to achieve carbon neutrality at its Turin site by 2023 and use only renewable electricity sources at its facilities.
Fibre2Fashion News Desk (KD)