Kering’s subsidiary Gucci Logistica is bolstering its investment in the leather industry by acquiring the remaining 49% stake in Colonna Group, which it had partially owned (51%) since 2019. The acquisition, approved by Italy’s Antitrust Authority (AGCM), involves four companies, three of which operate in the tanning sector, and was deemed to maintain sufficient market competition. Gucci Logistica and Colonna Group have also agreed on a five-year competitive interest with Colonna’s shareholders, although the financial details of the transaction remain undisclosed.