Hermès Cuirs Précieux, the tanning unit of French luxury goods group Hermès International, has acquired long-standing partner and calf leather supplier Tanneries du Puy.

Hermès said the deal, for an undisclosed sum, will allow it to continue its long-term development strategy based on "creativity, maintaining control over know-how and securing supply".

It will also allow the company to save more than 100 jobs in the French Auvergne-Rhône Alps region, it added. 

Established in Puy-en-Velay in 1946, Tanneries du Puy supplies to major footwear and luxury leather goods brands, exporting more than 50% of its sales to Europe, the US and Asia, its website claims.

Over the last few years, Hermès has been responding to sales growth in the leather sector and in July unveiled plans to increase production at two of its leather goods facilities. 

Hermes to increase leather goods production capacity

Two years earlier, the company took control of its long-standing supplier, the Tannerie d'Annonay, also as part of its strategy to preserve and develop sources of supply and expertise.

Hermès buys d'Annonay tannery to protect supplies