Hermès buys Tanneries du Puy, one of its suppliers

French luxury giant Hermès has acquired Tanneries du Puy, a tannery based in the Auvergne region of France (south central) and specialising in cowhide, for an undisclosed amount.

The acquisition on behalf of Hermès Cuirs Précieux (from the fashion label’s tannery division) “allows the preservation of more than one hundred jobs in the Auvergne-Rhône Alpes region,” Hermès stated in a brief press release.

The luxury goods giant was contacted by the AFP agency but didn’t go into further details about the staff of the Auvergne company, and the latter didn’t wish to make any statement.

The operation “is part of the Hermès group’s ongoing strategy of preserving instances of unique expertise and safeguarding its supply chain,” the company also stated in its press release.

Tanneries du Puy is established in Puy-en-Velay, and claims it supplies “the biggest names in luxury footwear and leather goods worldwide,” and that exports account for over 50% of its sales.

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