Fendi invests 57 million euros in Bagno a Ripoli new leather goods

Fendi invests 57 million euros in Bagno a Ripoli new leather goods

Fendi invests 57 million euros in a new leather goods expanded factory, based in Bagno a Ripoli, in the metropolitan city of Florence. The project, first launched in February 2019 by signing an agreement protocol, has been recently approved by Tuscany’s Regional Council.

Following this stage, at this point Fendi itself, alongside Tuscany Region, the Minister for Economic Development and Invitalia, are ready to meet and sign a mutual development agreement.

Fendi invests 57 million euros

The investment, which aims at the transformation of the ex-Brunelleschi Furnace (situated in the small village of Capannuccia), proves higher compared to the one announced by the company in 2019 (40 million euros).

“Tuscany Region – pointed out in a press release Stefano Ciuoffo, council supervisor for Production Activities – is going to allocate 500,000 euros to co-support financially a Research and Development project, whose overall investment will amount to over 18 million euros.

After signing such agreement deal, we will be able to benefit from some MISE resources, 5.26 million euros, focused on leather goods”.

The new employees

Thanks to such expanding activity, the company will take on, accordingly, 133 new employees: all of the new workers are going to join 243 more employees, formerly hired by Fendi and currently working at Bagno a Ripoli.

Looking at these figures, they turn out be lower compared to estimates made public in 2019: at that time, predictions were about 250 new jobs, after which the overall staff would amount to 500 units in total.

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