Burberry Group to delay UK plant amid EU fallout

Burberry Group’s plan to build a new £50m (€59.7m) weaving facility in the UK is on hold as the luxury-goods maker assesses the impact of the country’s Brexit vote.

The company, which shook up its top management ranks earlier this week, still plans to go ahead with the plant in Leeds, England, though is being “very cautious” on its investment plans, chairman John Peace said after its annual meeting in London.

“We’ve certainly put it on hold for the moment, but that might be for a very short period of time,” Peace told reporters.