Bottega Veneta (Bao Butterfly) Expands Italy's Local Capacity

The luxury brand Bottega Veneta of Italy, the French luxury giant Kering, will strengthen its capacity in Italy's Venetian area. Bottega Veneta announced the expansion of Manifattura Veneta Pelletterie, a local manufacturer, which has been producing leather goods series for Bottega Veneta since 2011.

The company is a joint venture. Today, 100% is controlled by Bottega Veneta, and its two factories contribute more than 50% of the brand's leather products. The existing two factories are located at Altavilla Vicentina and Malo respectively, and the third factories will be located in Povolaro di Dueville.

The new factory will have two floors, with an area of over 6000 square meters, which can accommodate about 200 new employees (300 other craftsmen in two other factories). They will join the Manifattura Veneta Pelletterie family at the end of 2020. The project started construction in February.

The brand said in an official statement: "this means that Bottega Veneta has taken an important step in the way of production internalization, aiming at maintaining high standards in the production process and ensuring flexibility and technology as well, because only high quality craftsmanship with internal training can meet new creative needs. The new factory also reflects the company's continued willingness to invest in origin and human capital.

According to the results of the first half of 2019 released by Kai Yun group of the parent company, Bottega Veneta sales fell 0.6% to 549 million euros, down 3.8% from the same year, and operating profit dropped 24.3% to 104 million euros compared with the same period. The sales volume in the second quarter increased by 0.8% on the basis of the constant exchange rate. Author: He Hongzhan