Burberry swoops to buy long-term Italian partner CF&P

By James Henderson
Burberry has entered into an agreement to acquire a luxury leather-goods business from longstanding Italian partner CF&P. CF&P employees, inclu...

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.

Marco Gobbetti, Chief Executive Officer, commented: “This acquisition is a major milestone for us and a statement of our ambition in this strategically important category.

SEE ALSO:

“It will create a centre of excellence for Burberry’s leather goods, covering all activities from prototyping, product innovation, engineering and the coordination of production.

“This will give us greater control over quality, cost, delivery and sustainability of our leather goods.”

The terms of the deal state that:

  • Burberry’s newly acquired operations will remain at the current site
  • The acquisition includes equipment and inventory
  • The parts of CF&P not included in the transaction will continue to operate as separate entities under the CF&P name, but at a different site
Share

Featured Articles

Heineken Toasts Success of Supply Chain Transformation

Digital transformations have a notoriously high failure rate but not so at Heineken, who has transformed its European logistics operations to great effect

GEP's Procuretech Advice, as new Scope 3 Reporting Laws Loom

GEP issues advice around mandatory Scope 3 reporting, an issue that will figure large at Sustainability LIVE: Net Zero, being held in London

Cainiao: The World's Largest Ecommerce Logistics Provider

As Alibaba-owned Cainiao announces big Q3 FY2024 revenues rise, we profile the world's largest global e-commerce logistics services provider

FedEx Express Opens Singapore Logistics HQ

Logistics

Supply Chain Problems Sees Partnerships Programme Grow

Operations

Bain: CEOs Leveraging Supply Chain for Competitive Edge

Digital Supply Chain