Recently, LVMH M é tiers d'Art, the process department of LVMH Group, a French luxury goods giant, announced that it had made two major investments in Italy's famous manufacturers: acquiring Ally Projects, a rare leather tannery, and acquiring part of the equity of Robans, a high-end leather clothing manufacturer.
The acquisition of Ally Projects (renamed Heng Long Italy) will help strengthen LVMH M é tiers d'Art's expertise in rare leather and improve efficiency. Ally Projects is located in Santa Croce sull'Arno, Tuscany. This is the leather area between Pisa and Florence. It has rich expertise in tanning, finishing and development. Its rare crocodile skin has been used by luxury brands.
Recently, LVMH M é tiers d'Art, the process department of LVMH Group, a French luxury goods giant, announced that it had made two major investments in Italy's famous manufacturers: acquiring Ally Projects, a rare leather tannery, and acquiring part of the equity of Robans, a high-end leather clothing manufacturer.
The acquisition of Ally Projects (renamed Heng Long Italy) will help strengthen LVMH M é tiers d'Art's expertise in rare leather and improve efficiency. Ally Projects is located in Santa Croce sull'Arno, Tuscany. This is the leather area between Pisa and Florence. It has rich expertise in tanning, finishing and development. Its rare crocodile skin has been used by luxury brands.
Matteo de Rosa said: "Robans is a professional manufacturer of leather, leather clothing, textiles and clothing, which is also our first investment in the clothing field. LVMH M é tiers d'Art's business also covers leather, crocodile skin, metal parts, silk and other fields. It is our goal to provide support for major manufacturers in the market and the group's strategic production chain."
These two investments mean that LVMH M é tiers d'Art is constantly consolidating its position in the European market. LVMH M é tiers d'Art, founded in 2015, is responsible for managing all the rare raw material suppliers of LVMH Group. Today, it is the shareholder of more than ten fashion producers and manufacturers, involving the core link of the super high-end field. The company's annual sales volume is close to 500 million euros.
Matteo de Rosa said: "The brands under the Group have a high demand for our products, but due to the economic situation, there are few resources available at present. The New Champions epidemic, the Russian Ukrainian conflict, the energy crisis, etc., have caused many manufacturers to be at a disadvantage. Therefore, it is necessary to strengthen the support of LVMH M é tiers d'Art (for manufacturers). We will make multiple investments at the global level in the coming months."
