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LVMH Métiers d’Art acquires majority stake in Italian tannery Nuti Ivo

Jun 7, 2023 France
LVMH Métiers d’Art acquires majority stake in Italian tannery Nuti Ivo
LVMH's division aimed at preserving the French-based group's expertise in luxury raw materials and craftsmanship is now a majority partner of the Italian tannery Nuti Ivo SpA Group
Founded in Santa Croce sull'Arno in Tuscany in 1955, Nuti Ivo has over time become one of the leading leather specialists in the international tanning industry - it was its history, operating procedures and high-quality products that caught the interest of the LVMH Métiers d'Art division, created in 2015 to protect, develop and guarantee long-term access to raw materials and artisanal savoir-faire for multiple brands worldwide. Today, Nuti Ivo is managed by Fabrizio and Andrea Nuti, members of the second generation of the founding family, and employs over 300 people.

“We are excited to integrate Nuti Ivo Group within LVMH Métiers d’Art and look forward to the opportunities it will unleash. With the addition of Nuti Ivo Group, we complete our operations in the leather business, expanding our savoir-faire, product offering while ensuring traceable and sustainable sourcing. We are proud to welcome Fabrizio & Andrea Nuti, together with their teams, to join our extraordinary global community of like-minded entrepreneurs and artisans devoted to excellence, innovation, and outstanding quality”, commented Matteo de Rosa, CEO of LVMH Métiers d'Art.

“Becoming part of a group like LVMH Métiers d’Art is a natural evolution towards our future. After more than 40 years of collaborations with the best brands in the world, it is a great recognition”, stated Fabrizio Nuti, President and CEO of Nuti Ivo. “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, thanks to the support of LVMH Métiers d’Art”, he concluded.


Image Credits: lvmh.com

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