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.

Luxury fashion label Burberry saw shares surge higher amid speculation that a mystery investor could be planning a hostile takeover attempt.

London Fashion Week opened yesterday with up-and-coming designers set to rub shoulders over the next five days with established names such as Vivienne Westwood and Burberry — and Hunter Wellington boots.