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London-based luxury fashion house Burberry was the first of its peers to issue a sustainability bond, with a massively oversubscribed £300m (1.1m) 1.125% five-year deal on 14 September last year. Burberry will acquire its longstanding technical outerwear supplier, Pattern, for €21 million later this year, in a bid to ensure capacity, build its capabilities and “further embed” sustainability into its value chain.
Burberry CEO Marco Gobbetti called the acquisition a “major milestone” and said the move would give the brand “greater control over quality, cost, delivery and sustainability of . For almost two decades, Burberry has partnered with Pattern to produce luxury ready-to-wear including quilts and downs at the Italian company's product development site in Turin, Italy. With this investment, Burberry will . London-based luxury fashion house Burberry was the first of its peers to issue a sustainability bond, with a massively oversubscribed £300m (1.1m) 1.125% five-year deal on 14 September last year.
Burberry will acquire its longstanding technical outerwear supplier, Pattern, for €21 million later this year, in a bid to ensure capacity, build its capabilities and “further embed” sustainability into its value chain. Burberry CEO Marco Gobbetti called the acquisition a “major milestone” and said the move would give the brand “greater control over quality, cost, delivery and sustainability of our leather goods,” according to a press release. For almost two decades, Burberry has partnered with Pattern to produce luxury ready-to-wear including quilts and downs at the Italian company's product development site in Turin, Italy. With this investment, Burberry will secure capacity, build technical outerwear capability and further embed sustainability into its value chain.As we continue to grow, we are building a more sustainable supply chain, with the flexibility to expand and adapt to the changing needs of our global business and consumer trends, providing a superior brand and product experience. Discover jobs in supply chain here.
Burberry’s climate change initiatives. Burberry is on track to meet its target to become carbon neutral across its own footprint by 2022, which it has achieved by reducing emissions, improving energy efficiency and switching to renewable electricity sources, before balancing any remaining emissions. Luxury brand Burberry and outsourcing giant HCL applied this management strategy to reinvent themselves. He said, she said. To appeal to younger customers, Burberry has shifted some management.
Burberry is aiming to strengthen its supply chain with the acquisition of an Italian outerwear manufacturer. The British luxury brand acquired the technical outerwear facility from Pattern SpA, a longtime supplier whose business activities include engineering and production of luxury garments. Turning around Burberry is taking longer than planned, despite navigating the Xinjiang cotton scandal with “limited” impact. The shares fell as much as 8.9 per cent in London trading on Thursday.
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