4th Nov 2015 06:40
LONDON (Alliance News) - Luxury goods company Burberry Group PLC on Tuesday said it will invest GBP50.0 million in a new manufacturing facility in Yorkshire and will consolidate three of its lines under a single brand.
Burberry said it will develop a new manufacturing and weaving facility in South Bank in Leeds providing employment for in excess of 1,000 people. Work on the site will start in 2016 and is due to complete by 2019, the company said.
The FTSE 100-listed maker of trench coats, scarfs and other high-end clothing and accessories said the new site will mean its heritage trench will continue to be produced in the UK.
Burberry also said it will consolidate its Prorsum, London and Brit labels under the single 'Burberry' brand. It will phase the transition of the branding change over the course of 2016, with the labels to be fully consolidated by the end of next year.
By Sam Unsted; [email protected]; @SamUAtAlliance
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