Burberry announces that it has entered into an agreement to acquire a business from longstanding Italian supplier, Pattern SpA.
For almost two decades, Burberry has partnered with Pattern to produce luxury ready-to-wear including quilts and downs at the Italian companys 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. The acquisition will complement Burberrys historic manufacturing centres in Yorkshire, UK, where it will continue to weave gabardine and make the British luxury brands iconic heritage trench coat, and invest in its operations. It follows the successful integration of Burberrys leather goods hub in Florence, Italy.
Approximately 70 of Patterns employees in Turin will join Burberry on completion of the acquisition, expected later this year. Pattern will continue to operate the parts of the business not included in the transaction.
Jonathan Akeroyd, CEO, commented: This strategic investment is an important next step in bringing our outerwear category to full potential. It will enhance our capabilities, building on our strong foundations in the UK, and provide greater control over the quality, delivery and sustainability of our products. Its an exciting development and I am delighted to welcome our new colleagues on board.
Notes
Burberrys newly acquired operations will remain at the current site in Turin, Italy
This acquisition includes employees, equipment and inventory
The agreed price is EUR 21m subject to closing conditions and standard adjustments
Burberrys iconic heritage trench coats will continue to be woven and manufactured in the UK, where it will continue to invest in its capabilities
Both Burberry and Pattern share an enduring commitment to sustainability. All of the electricity Pattern uses at its sites is from renewable sources, and the company is on track to achieve carbon neutrality at its Turin site in 2023
About Burberry
Founded in 1856, Burberry is a British luxury brand, headquartered in London
Burberry is listed on the London Stock Exchange (BRBY.L) and is a constituent of the FTSE 100 index. Its ADR symbol is OTC:BURBY
BURBERRY, the Equestrian Knight Device, the Burberry Check and the Thomas Burberry Monogram and Print are trademarks belonging to Burberry
Spartaco Companies (“Spartaco”) is pleased to the announce the acquisition of the Bulldog Bender brand of cable benders.
Tim Beed, Chief Business Development Officer of Spartaco, explains, “Spartaco has a long history of providing products and solutions that help professional tradespeople get the job done right the first time. The addition of Bulldog Bender’s products, which make the difficult task of bending large gauge power cable faster, safer, and easier for professional electrical installers, will further enhance the Spartaco product portfolio.”
Bulldog Bender cable benders were designed and developed by master electrician Vince May at his Owensboro, KY facility. “Over the years, I have devoted significant time and effort building the brand into what it is today,” said May. “Spartaco represents the perfect fit and I’m excited to see Bulldog Bender continue to grow and reach its full potential under Spartaco’s ownership.”
The Bulldog Bender product line consists of four different models sized to accommodate electrical cable up to 1000 MCM. The product will remain proudly “Made in U.S.A.” at the Spartaco facility in Clover, SC.
About Spartaco – Headquartered in Clover, SC, Spartaco is an independent manufacturer of professional-grade, specialty hand tools & lighting products used in electric and gas utilities, broadband infrastructure, vegetation management, electrical, industrial, and military end markets. Spartaco brands include Jameson, Huskie Tools, TiiGER, and Bulldog Bender.
For more information on Bulldog Bender or to find where to buy, visit BulldogBender.com.
Spartaco Group Marketing Dept. 877-278-2601 https://spartacogroup.com
ACROMETA Group Limited [SGX: 43F], an established specialist engineering service provider in the field of controlled environments serving mainly the healthcare, biotechnology, pharmaceutical, research and academia sectors, has entered into a legally binding letter of intent (LOI) to purchase an additional 40% of the outstanding shares of Life Sciences Incubator Pte Ltd (LSI) for a total consideration of S$1.6 million payable in tranches, based on realization of agreed milestones in its immediate expansion plan. Upon completion of the purchase, the Group will control 70% of LSI, up from the current 30%.
LSI currently operates a 6,500 sq feet co-working laboratory space at The German Centre in Singapore serving SMEs and start-ups. Launched in September 2021, LSI at German Centre garners very healthy occupancy rates within a year of operations. Fueled by strong demand, as more and more companies conduct R&D to bring innovative products into the market, LSI is looking to expand in Singapore as well as in the region.
The additional stake will add another dimension of growth to the Group’s business as it becomes not only a builder of laboratories but also an operator of co-working laboratory space.
“This potentially carves out a new promising mainstream business for us as controlled environment specialist”, says ACROMETA Executive Chairman, Mr Levin Lee Keng Weng. Levin Lee added, “I am glad that ACROMETA, through LSI, can play a vital role in supporting the R&D of startups and SMEs, where their innovation and new discoveries will make the world a better place for us to live in. Our co-working laboratory spaces will make it easier for their dreams to come true.”
The co-working laboratory space business has strong growth potential locally as Singapore transforms its economy towards high-value sectors with more and more companies conducting research & development activities. Serving SMEs and start-ups and in particular those in the MedTech, Biotech, Biopharma, FoodTech, and Healthcare sectors, LSI provides flexible co-working laboratory spaces for their research and development.
With access to communal state-of-the-art specialized equipment, technologies and facilities as well as event and office spaces, this enables start-ups and SMEs to innovate and conduct their cutting-edge R&D without having to shoulder the prohibitive costs involved if they were to install such specialized infrastructure by themselves.
By collocating in The German Centre and working closely with them, LSI is also able to provide complementary office spaces and meeting rooms when needed, forming an ideal partnership of both co-working office and laboratory space. The German Centre is a worldwide network which supports businesses by providing offices with specialized co-working office space, advice and networking for startups and SMEs. It is renowned for its German DNA of efficiency and quality. Therefore, the Group is exploring further collaboration with The German Centre in the expansion plans of LSI.
“We have also strategized Australia as our first foray overseas for LSI and we are excited to be there, where we believe there is a sizeable market to capture for the co-working lab space business! We have found a suitable location and on grounds of confidentiality, we are in talks with a renowned global government-linked company who has in principle agreed, subject to a binding agreement, to be one of the anchor tenants for the proposed LSI Australia site,” said Levin Lee.
LSI’s co-working laboratory spaces business will provide the Group with another income stream that complements its controlled environments engineering business which is largely project based.
Chief Executive Officer Mr Lim Say Chin said, “Our wholly owned subsidiary Acromec Engineers, with its experience as builders of cutting- edge laboratories will continue to support LSI’s expansion with its controlled environments engineering expertise in Singapore and the region.”
This Media Release is to be read in conjunction with the announcement on SGXNet on 20 February 2023.
About ACROMETA Group Limited [SGX: 43F] [BIC: ACRO:SP] [RIC: ACRO.SI]
ACROMETA (Previously known as ACROMEC Limited) is an established specialist engineering services provider with more than 25 years of experience in the field of controlled environments. The Group has over the years acquired expertise in the design and construction of facilities requiring controlled environments such as laboratories, medical and sterile facilities and cleanrooms.
ACROMETA’s business is divided into two main business segments: (i) Engineering, procurement, and construction services, specialising in architectural, and mechanical, electrical and process works within controlled environments; and (ii) Maintenance and repair services of facilities and equipment of controlled environments and their supporting infrastructure.
The Group mainly serves the healthcare, biotechnology, pharmaceutical, research and academia, and electronics sectors. ACROMETA counts amongst its customers, hospitals and medical centres, government agencies, research and development companies or agencies, research and development units of multinational corporations, tertiary educational institutions, pharmaceutical companies, semiconductor manufacturing companies, and multinational engineering companies.
The company has been listed on the Catalist board of the Singapore Exchange since 2016. For more information, please visit www.acrometa.com.
Media and Analysts Contact: ACROMETA Group Limited Mr. Jerry Tan Chief Financial Officer Tel: +65 6415 0574 Email: jerry.tan@acromec.com
Waterbrooks Consultants Pte Ltd Mr. Wayne Koo Tel: +65 6958 8008 / +65 9338 8166 Email: wayne.koo@waterbrooks.com.sg Email: query@waterbrooks.com.sg
This media release has been reviewed by the Company’s sponsor, Evolve Capital Advisory Private Limited (the “Sponsor”). It has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “Exchange”) and the Exchange assumes no responsibility for the contents of this document, including the correctness of any of the statements or opinions made or reports contained in this document. The contact person for the Sponsor is Mr. Jerry Chua, 138 Robinson Road, #13-02 Oxley Tower, Singapore 068906, jerrychua@evolvecapitalasia.com.
Childress Ink announces the acquisition of author, podcaster, blogger, speaker and silicon valley veteran Joe E. Martin, a tech industry specialist who passionately shares his story of success, subsequent burnout, and coming back from the ashes, in order to help others achieve more balance in their work and life.
Sharing tried-and-true advice gleaned from personal experience and gathered from other CEOs and industry professionals, Martin has been quoted in AP, WSJ, The NY Times, Forbes and more; and his writings can be found on Hubspot, Read/Write, Medium, and other tech blogs, including his own.
“Joe has always been one of my favorite content creators and business leaders to follow. His style is open and endearing, but knowledgeable and actionable.” -Mala Sharma, VP of Adobe
“Joe is a true leader in the business tech space. His ability to connect with everyone directly with his experience and the experience of others provides a great path for anyone looking to have more wellness or balance with their career and home life.” -Dan Street, CEO of Scorpion
“Besides his excellent writing, I was really drawn to Joe’s genuine excitement and passion surrounding his works,” says Acquiring Agent, Diana Vilic.
“I appreciate Joe’s unique approach to the idea of balance, unlike other titles in the same space,” says Kim Childress, product developer working with Vilic. “In that there is no such thing as true work-life balance, but instead he offers realistic ways we can adapt and respond, to handle life’s inevitable imbalances, and achieve our own success at our own pace.”
Joe also operates a podcast, called, “The Age of An Experience,” with over 100k Linkedin live views on the episodes. With an MBA from Utah and a degree in Entrepreneurship from Stanford GSB, Martin is married, the proud father of three, and loves to be outside as much as possible. Learn more at Joedmartin.com.
About
Joe E. Martin Joe Martin is currently an SVP of Marketing at Scorpion and has previously been a CMO of CloudApp, Head of Marketing at Adobe, and has consulted with Google and dozens of other tech companies. He has over 15 years of experience in the tech space and has developed his own platform around work-life balance, marketing, and “Dadlife” through blogging and using social media to talk about his experiences building tech companies. Follow him at Joedmartin.com/blog.
Childress Ink ~ Ink-a-Dink A is a product development company in publishing founded in 2014, those interested can learn more at ChildressInk.com and Ink-a-Dink.com.
Diana Vilic Author, poet and editor, Diana Vilic comes from an advertising and literary background, bringing nearly ten-years agency experience, not only representing authors, but guiding them in their personal and professional goals. Learn more at DianaVilic.com.
Media Contact: Kim Childress, kim@childressink.com
Childress Ink, LLC Kim Childress 517-410-8747 www.childressink.com 353 Green Ridge Dr., SE Caledonia, MI 49316
Rinani Group Berhad, a financial consulting firm, is pleased to announce the acquisition of Kuala Lumpur City FC (KL City FC), Asia’s second-best team in the Asian Football Confederation (AFC) Cup last year, champions of the 100-year old Piala Malaysia in 2021 for the fourth time in the club’s history and winner last Saturday of the Federal Territory Minister’s Trophy for the second time.
Kuala Lumpur Football Association (KLFA) president Khalid Abdul Samad (seated left) and Rinani director Azri Azerai (seated right) exchanging the agreement, witnessed by Youth and Sports Minister Hannah Yeoh (centre)
Rinani director Azri Azerai said, “We welcome KL City FC to the Rinani family, which consists of MGRC (Malaysian Genomics Resource Centre Berhad), Bintai Kinden Corporation Berhad, SCIB (Sarawak Consolidated Industries Berhad) and Reneuco Berhad who are joining us on this venture. We look forward to KL City FC continuing to be a trailblazer, with the support of our fans.”
“KL City FC, now an elite club, will keep pushing boundaries and continue to be a professionally managed football club with “football decisions” being the core. We would also like to thank the Kuala Lumpur Football Association (KLFA) for the work that they have done.”
“Our acquisition of KL City FC is part of the mandatory privatisation process that the Malaysian Football League is enforcing on all state-owned football clubs as football in the country transforms to a more professionally run sports that benefit all stakeholders.”
KLFA president Khalid Abdul Samad said: “I welcome the news of Rinani taking a majority stake in KL City FC and becoming a joint partner together with KLFA of the club. We hope supporters of KL City FC will accept this change in ownership as private sector participation is vital to the future of Malaysian sports because entrepreneurs know best how to push for success and ensure viability.”
The privatisation of KL City FC is also in line with the directives from FIFA, football’s international governing body, and of the AFC, to have state-run football teams to be professionally ran, privately financed and independently owned.
KL City FC last Saturday hosted the match versus Perak which ended 3-0 to the home side at Kuala Lumpur Football Stadium in Bandar Tun Razak, Cheras. The match was broadcasted live on Astro Network.
Rinani Group Bhd: http://rinani.com.my/ Kuala Lumpur City FC: https://kualalumpurfootball.com/
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