Luxury is in demand. Case in point: leather goods, which are included in the market’s accessories segment. This segment lost little volume during the recession of 2008/2009 and, taken together, accessories and jewelry form the core elements of the luxury goods market. In leather goods, BMB is seen as one of the European leaders in terms of quality and reliability. Since the company was established in 1968, manufacturing has been located in the Florence region and connects artisan craft to industrial organization. Clients include luxury brands like Chanel.
Halder’s investment has provided ownership and management succession for the firm’s founder and his family. Since then, BMB significantly broadened its customer base by adding more clients from the market’s premium segment. In January 2019, a group formed by management and Italian investors has acquired Halder’s interest.