luxury race bag the best crocodile skins

  Luxury goods company snapped crocodile farms and tanneries in a competition for the supply of high quality leather and other exotic high demand intensified by ensuring exclusive handbags.

Its strategic oil resources and raw materials for most industries, but for the providers of luxury, it is of high quality skins.

Hermes, LVMH and PPR, which owns Gucci, have all these acquisitions in recent years. PPR took control over France March Croco, a tannery that Norman resources and processes crocodile skins "to ensure. A sustainable supply of high quality crocodilian skins", citing the need to

It takes up to three crocodiles to make a bag to Hermes. The luxury goods group famous for its Birkin and Kelly bags, crocodile farms bought in Cairns, Australia and Louisiana in the United States in the past six months.

LVMH, the largest luxury group in the world by revenue, has acquired a majority stake in the 2011 Heng Long, a crocodile farm, located in Singapore. Bernard Arnault, chairman and chief executive told shareholders last month: "We do not want a situation where we could be in just about us."

PPR, which is changing its name Kering also examines ways to improve the supply, because the python reptile is a regulated species.

Although the growth in the industry of luxury goods is expected to fall this year - after a raid on gifts in China - demand remains strong for the exclusive products, according to a study published this month by the Italian luxury goods association Altagamma consultant Bain.

"Articles of absolute luxury, consisting of high-end products without the logo, top quality materials and exquisite craftsmanship, to open the door," said the report, based on a growing industry of luxury 5 leave percent this year, half of the 10 percent growth last year.

The trend to buy suppliers extends over exotic skins in beautiful calfskin. Hermes bought in January Annonay tanneries in the south of France, its long-term supplier from calfskin.

Patrick Albaladejo, Deputy CEO of Hermes for the strategic development and image of the company, said: "Our preferred model is partnerships with reliable suppliers, but sometimes when there is a tightening of the market, and if you have a source that is difficult to replace would be, so the purchase is the best way to guarantee the supply in the course of time. "

The French National Assembly said that the leather supply high-quality leather is limited because people eat less red meat. At the same time, demand has increased for luxury bags to put pressure on prices, which increased about 30 percent since 2008.

"Large groups have adopted a strategy of integration of suppliers, in the same way they have integrated the production," said Paul Batigne, Chairman. However, sat leather producers to a variety of customers, not just their main shareholder or owner.

Mr. Albaladejo expected delivery of the highest quality leather remains a problem.

No it is not a good life, and the skin will not be of the required quality, unfortunately, is the quality of farming - "Good quality calf leather depends on the breed of the animal, if it does not result in the right conditions - in freedom and eat grass. essential to our day. "

Mr. Batigne said supply leather to give first class "spectacular" when the cows were kept under conditions of good practice "at least 10-30 percent."