LVMH Métiers d’Art invests in Italian leather specialists

LVMH Métiers d’Art, which brings together the luxury giant’s suppliers of exceptional raw materials, has announced two major investments in renowned Italian manufacturers, reports The Fashion Network.

This represents a new step for LVMH Métiers d’Art, a division established by the luxury giant in 2015 “to protect and enhance access for its fashion companies to great raw materials and know-how” by supporting its top suppliers over the long term. The very high-end market is served by LVMH Métiers d’Art, which is also a shareholder in a dozen fashion manufacturers with a combined annual revenue of almost 500 million euros.

“With this operation, Heng Long will delegate to its Italian partner everything concerning creative development in exotic skins, which will be simpler than managing all this part from Singapore. Italy will therefore be central to respond as quickly as possible to our brands in the most sophisticated creations,” explains Matteo de Rosa, LVMH Métiers d’Art’s general manager. As the group specifies in a statement, Heng Long Italy’s agile structure is ideal for responding to short time frames and small batch orders ౼ a growing trend for many fashion houses.

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