Gucci buys into leather
As part of its ongoing strategy to bring as many of its manufacturing resources in-house as possible, the luxury goods empire Gucci has acquired the Italian tannery, Caravel Pelli Pregiate.
The Fucecchio, Tuscany-based tannery has a strong track record in the production of high quality leathers, including crocodile, and is an established supplier to many of Europe’s most prestigious footwear and leather goods brands. Last year, Gucci business accounted for some 20% of turnover and it is understood that Gucci has no plans to end the tannery’s supply relationships with its other customers.