French PPR to make luxury leather goods in Serbia
PPR SA, the Paris-based luxury and sporting goods group, will start making branded leather goods in Serbia, lured by state incentives for new jobs. PPR, which is being renamed Kering, will invest €6 million ($7.7 million) in a tannery in Ruma, northwest of Belgrade, receiving €8,000 for each of 120 employees it plans to hire, Serbia Investment and Export Promotion Agency (SIEPA), said in a statement. Kering bought bankrupt Ruma Fabrika Koze AD earlier this year and will reopen it as Luxury Tannery DOO, SIEPA said.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.