The Swiss luxury firm Richemont, controlled by Africa’s second richest man, Johann Rupert, formally inaugurated a significant extension of its leather goods production plant in Scandicci, an Italian town close to Florence, on June 23.
The project was executed by Pelletteria Richemont Firenze (PRF), a subsidiary of the organization.
Richemont is strengthening its goal of bringing more of its manufacturing processes in-house by expanding the plant.
This is a trend that has been more prevalent among international luxury companies looking to gain more control over supply chains, quality, and workmanship.
“It’s a demonstration of confidence in leather goods and in the future of this business. It’s also a signal we’re sending that manufacturing is an essential factor in creating value,” Cesare Landi and Domenico Oliveri relayed during an interview with the Fashion Network on Tuesday, at the opening ceremony.
