Fashion Investments and M&A

Date: Announced 14 May 2018 (closing expected to take place later this year)
Buyer: Burberry Group Plc Vendor: CF&P Srl
Business: Development and manufacture of luxury leather-goods including handbags and accessories
Value: Undisclosed
Details: Burberry Group Plc has agreed to acquire a luxury leather-goods business from Scandicci based Italian manufacturer, and long-standing Italian partner, CF&P Srl. The acquisition includes equipment, inventory and CF&P employees, including a team of expert craftsmen.