French luxury brand Saint Laurent, which belongs to the Kering group, will open a new location for handbags and wallets near Florence.
Francesca Bellettini, President and CEO of the Saint Laurent brand, confirmed the new production site, adding that the brand will transfer 340 employees to the new 29 000-square-meter factory in Scandicci’s industrial district and hire 300 more people.
Saint Laurent has a signed a 27 year contract with Cassa Depositi e Prestiti, and Italian state holding company, to rent out two abandoned buildings that will be handed over to them in 2022 after renovations. In addition to producing leather bags and wallets, the new site will also handle research and development of new products and train workers.
The Tuscan hub will make prototypes of leather bag and wallet designs, carry out manufacturing, research and development and also train workers. Saint Laurent has also been investing to expand its shoe manufacturing site in Italy’s north-eastern region of Veneto.