The B&b Manufacturing Company has reached a preliminary deal with the U.K. government to help it repatriate $300 million of its production from the U,S.
to Europe, a company spokesman said in a statement.
B&B said that it will use the funds to expand its manufacturing facility in the Us. and to increase its exports to Europe.
B&B had sought to repatriate its manufacturing operations from the United States to the U., and the U.-K.
deal was one of the first steps toward that.
“It is an important first step in our plan to expand our operations in Europe,” B&G said in the statement.
“This means we are committed to providing our customers with the best products, most advanced manufacturing facilities and our best products and services at competitive prices.”
Read moreB&Bs products include footwear, apparel, footwear accessories, furniture, home goods, food and beverage, footwear, home appliances, and home furnishings.
The deal comes after the U-K.
Trade Secretary, Sir Ian Wood, said last month that B&Bs would not be able to continue exporting to the United Kingdom.
“We will be withdrawing from the UK in March 2019, and that’s not a surprise.
The UK has become a global market and we are very much looking at our export business,” Wood said in April.
Boys, Girls and Technology in a ‘Dangerous’ Environment”B&W, which is based in Bournemouth, England, is a maker of some of the most fashionable footwear brands, including the popular Converse and Adidas shoes.
B+B also makes the brands Fendi, Ralph Lauren, and Tommy Hilfiger.