British luxury brand Burberry has announced that it has reached an agreement with its long-term supplier in Italy, Pattern SpA, to acquire one of its ready-to-wear manufacturing businesses to enhance the brand’s functional outerwear production capabilities.
For almost two decades, Burberry has been collaborating with Pattern to produce luxury clothing, such as bonded trench coats and down jackets, at the latter’s product development center in Turin, Italy. The transaction includes employees, equipment, and inventory at the Turin site, and the agreed price is €21 million, s …
