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Burberry to invest 50 million pounds in new UK manufacturing plant
November 3, 2015 / 9:01 PM / 2 years ago

Burberry to invest 50 million pounds in new UK manufacturing plant

(Reuters) - British luxury brand Burberry Group PLC said it will invest more than 50 million pounds in a new manufacturing plant in Leeds, northern England, that will employ more than 1,000 people.

A detail of a handbag is seen at a Burberry store in central London, Britain July 15, 2015. REUTERS/Toby Melville

The new facility, which will allow the company to increase production of its trench coat, is “a massive vote of confidence in our plans to build a northern powerhouse,” Chancellor George Osborne said.

The Chancellor has been a supporter of developing the economy of northern England which has lagged behind London and the southeast for decades since the collapse of industries like cotton, steel and coal-mining.

The London-headquartered company also said it will unify its Prorsum, London and Brit lines under the Burberry label by the end of 2016.

($1 = 0.6483 pounds)

Reporting by Ankush Sharma in Bengaluru; editing by Adrian Croft

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