Shirt maker Fendi is moving into a new manufacturing space to build out its own ironing and packing facilities.
Fendi will begin operating the new manufacturing plant in San Diego, and it will be the first company in the world to manufacture its own products.
The move will mean Fendi can begin to build its own manufacturing facility and cut down on the time it takes to build a new factory.
FDI, the industry term for foreign direct investment, is expected to hit $2.8 trillion in 2021.
Fendlers’ manufacturing operations in the U.S. and abroad will continue to grow and diversify, said Jim Hickey, the company’s president of worldwide retail and wholesale, in a statement.
“Fendi’s strategy of growing our brand through innovative product development, quality control, and quality control engineering will continue,” Hickey said.
The company also announced it would invest $1 billion in its local labor force and invest another $1.5 billion in research and development.
“We continue to focus on our core business and we have a long-term plan to increase our manufacturing footprint,” Hildebrand said.
Fendingler’s new manufacturing facility in San Jose, California.
FandangoFendi was founded in 1988, by three German brothers, Heinrich and Erich Fendi.
The Fendi family was famous for their clothing, but they were also known for being the first to introduce an innovative garment-making process that allowed the company to produce its own garments in the United States.
By 1991, the Fendi brand had become synonymous with luxury and luxury goods.
The family business has been successful, but its business has also faced problems with suppliers, labor and taxes.
Fais also faced allegations of labor abuses and poor quality in the factories that manufactured its clothes.
Fenders was forced to move factories to Mexico in the early 2000s after workers in China complained of working conditions.
The U.K.-based company has since expanded to China and Europe, and today employs nearly 15,000 people in 20 countries.
The new plant will be a key component of Fendi’s effort to diversify and expand its operations.
The plant will create approximately 4,000 new jobs, including about 700 at its manufacturing facilities.
The facility will employ approximately 4.3 million people in its supply chain, Hildechain said.
Hildechains factory in San Francisco, California, is currently under construction.
Hickey added that the new plant in California will “enable us to deliver a high-quality product, at lower costs.”