15th Jul 2016 05:45
LONDON (Alliance News) - Burberry may delay plans for a new factory in Leeds as it considers the consequences of the UK's vote to leave the European Union, Chairman John Peace told the company's annual general meeting Thursday, the Guardian reported.
Peace said the company was reviewing the delivery time for the designs of the planned GBP50 million facility as it looked at the "economic consequences" of Brexit.
According to the newspaper, Peace said the Leeds factory was still going ahead, but the pace of investment might be slowed depending on how "events unfold in the next few weeks".
https://www.theguardian.com/business/2016/jul/14/burberry-puts-new-leeds-factory-on-shelf
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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