“LVMH Métiers d’Art is proud to announce its entry, as the majority partner, into the Nuti Ivo SpA Group, an extraordinary Italian company specialising in leather products since 1955”. This was announced in a note by the French luxury goods giant, making official the acquisition of “one of the most prominent leaders in the international tanning industry”.
Nuti Ivo goes to LVMH Métiers d’Art
“Becoming part of a group like LVMH Métiers d’Art is a natural evolution towards our future”, comments Fabrizio Nuti, President and CEO of the Tuscan tanning group (and, also, president of UNIC – Concerie Italiane). “After more than 40 years of collaborations with the best brands in the world, it is a great recognition. For us it is a new beginning, a new departure, which serves as an incentive for us to grow and improve in all areas of our savoir-faire, guaranteeing a future for our history and our company”. Nuti Ivo, writes LVMH, “was founded in Santa Croce sull’Arno in 1955. The brand was born from the dream of Ivo (Nuti), who started the company with only 15 employees. Today, the Group is managed by the second generation of the Nuti family, with four incredible production facilities throughout Italy employ over 300 people”.
85% export
The Nuti Ivo tanning group is “specialised in the processing of cowhide for the high-end accessories sector”, reads the LVMH Métiers d’Art note. “It is also active in vegetable tanning processes and still produces in its Tuscan territory of origin, guaranteeing constant control and monitoring”. Not only that. It also guarantees “rigorous working standards, while exporting 85% of its production abroad, having the world’s leading luxury brands as customers. The Nuti Ivo tanning group has also distinguished itself over the years with its investments in sustainability and innovation, operating as a point of reference for other companies in the industry. The history of the company, its operating procedures and the extremely high quality of its products have captured the interest of the LVMH Métiers d’Art Group”. Hence, the operation “to preserve and maintain over time the authenticity of an excellence of high Italian industrial craftsmanship”.
LVMH Métiers d’Art
“LVMH Métiers d’Art,” explains CEO Matteo de Rosa, “since its inception, has been in the business of ensuring a future, by providing new opportunities to local artisan excellences”. Companies “that, on their own, in the new scenarios of the luxury industry, may struggle to maintain an international projection. Our obsession is to establish lasting partnerships and create value. I am therefore extremely pleased and proud to announce today the entry of Nuti Ivo into LVMH Métiers d’ Art”.
This project, as L’Economia by Corriere della Sera writes, was born in 2015 and, in the space of 8 years, has reached a turnover of 700 million euros starting from a base of around 80. It now has 17 companies worldwide and involves around 5,000 employees in its network. “I like to see us as a contemporary community of entrepreneurs and artisans,” concludes De Rosa, “who communicate and exchange experiences and savoir-faire, while maintaining their own indentities, and to which we offer as a Group, a substantial infrastructure and operational support in the commercial domain, huma resources, research and development”.
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