LVMH has acquired a historic Pisa tannery
The luxury conglomerate became a majority shareholder of Nuti Ivo Group
May 29th, 2023
LVMH, the leading luxury group, is the majority shareholder of Gruppo Nuti Ivo, a renowned Italian leather goods manufacturer. Founded in 1955 in Santa Croce sull'Arno by Ivo Nuti with just 15 employees, the company has grown over the years to become a major player in the international leather industry, today employing 300 people in four production centres. The company, still owned by the Nuti family, specialises in the processing of cowhide for high-quality accessories and is also active in vegetable tanning to ensure constant control and monitoring and strict labour standards.
As a testament to its longstanding manufacturing excellence, Nuti Ivo Group has been fully accepted into the exclusive circle of international companies associated with LVMH Métiers d'art. LVMH Métiers d'art is a division of the luxury group led by Bernard Arnault, created in 2015 with the aim of securing, developing and guaranteeing long-term access to raw materials and artisanal know-how on a global scale. This strategic move reinforces the commitment to the pursuit of "Made in Italy" quality by promoting innovation for entrepreneurs and brands through the constant monitoring of supply chain traceability and sustainability. Nuti Ivo's expertise in leather goods production fits perfectly with LVMH's commitment to preserving traditional techniques while embracing modern advances.