Hermès Buys Tannery

PARIS — Hermès Cuirs Précieux, the tannery division of Hermès International, said it has acquired French calf leather specialist Tannerie d’Annonay for an undisclosed sum as part of its ongoing policy of integrating suppliers.

“This acquisition is in line with the strategy of the Hermès Group in the preservation and the development of its sources of supplies and of the know-how related to them,” the French luxury goods house stated.