LVMH Métiers d’Art grows stake in Catalan tannery Riba Guixà to 80%

28 May 2024

LVMH Métiers d'Art has increased its stake in Riba Guixà, a long-established Catalan tannery specialised in Spanish Enterfino lambskin, from 20% to 80%.

“With this operation, we confirm our confidence and our investment in Riba and its peerless craftsmanship,” said Matteo de Rosa, CEO of LVMH Métiers d'Art. “This strategic decision is perfectly consistent with our mission. It enables us not only to continue to elevate the quality of our lambskin products, but also to promote our sustainable, innovative manufacturing vision, ensuring that [Riba’s] heritage and mastery of these traditional skills will be perpetuated for future generations,” he added.