PARIS — Hermès Cuirs Précieux, the tannery division of Hermès International, said it has acquired French calf leather specialist Tanneries du Puy for an undisclosed sum as part of its ongoing policy of integrating suppliers.
“This acquisition, which will enable us to save more than one hundred jobs in the French Auvergne-Rhône Alps region, is in line with the strategy of the Hermès group to preserve a unique know-how, and to secure supply,” the French luxury goods house said.
Hermès uses box calf in the fabrication of its Birkin and Kelly handbags.
In 2013, the house bought Tannerie d’Annonay, another calf leather specialist located in the town of Annonay in the Rhône valley.
The transaction comes as Europe’s top luxury players jockey to secure suppliers of rare materials, particularly makers of precious skins for the high-margin leather goods business.