Burberry agrees to buy Italian leather business from partner CF&P

Burberry says it has entered into an agreement to acquire a luxury leather-goods business from longstanding Italian partner CF&P.

CF&P employees, including the craftsmen who have worked with the British luxury fashion house for more than a decade, will transfer to the company once the transaction is complete, expected late this year.

“This acquisition is a major milestone for us and a statement of our ambition in this strategically important category,” says CEO Marco Gobbetti. “It will create a centre of excellence for Burberry’s leather goods, covering all activities from prototyping, product innovation, engineering and the co-ordination of production.”


Comment Manually

I have read and agree to the Terms and Conditions and Privacy Policy.

Inside Retail Polls

Hong Kong retail sales in 2018
Will Hong Kong's retail rebound continue?

FREE NEWS BRIEFS Get breaking news delivered