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FARE INSIEME - Ep. 72 - Acetaia Giusti, four hundred years of balsamic vinegar

«Today, ancient and modern souls join forces to form a winning combination»

25/07/2022

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In Modena, the oldest vinegar producer in the world - founded over four hundred years ago and now run by the seventeenth generation - thinks about the future and sells everywhere abroad. Centuries-old knowledge, constant research, entrepreneurial vision focused on flexibility, sustainability and promotion of the territory. For FARE INSIEME Giampaolo Colletti interviews Claudio Stefani Giusti, CEO of Acetaia Giusti

di Giampaolo Colletti
@gpcolletti

Photocredit: Giacomo Maestri e Francesca Aufiero

“The perfection of balsamic vinegar from Modena depends solely on three conditions: the choice of grapes, the quality of the barrel and, mostly, time.” Thus, in 1863, Giuseppe Giusti, one of those seventeen generations that, between the 17th century and today, have alternated in the management of the oldest vinegar factory in the world, sets down the golden rules to obtain the perfect balsamic vinegar. He did so during the Modena Agricultural Exhibition. The recipe brings out the black gold from the attics of palaces and makes it part of the Modena gastronomic tradition. Leaving a mark - this is what Giuseppe Giusti did. After all, there are entrepreneurial stories that look to the future even if they were born in the past. A future that can be explained going back in time over the centuries as far as 1605. That's when Acetaia Giusti - which is still the oldest in the world - was established in Modena, the cradle of balsamic vinegar. The time element, we said. After all, Aceto Balsamico Tradizionale di Modena Dop is obtained only with cooked grape and must be aged using the ancient “rincalzi e travasi” (i.e.pouring and refilling) method in barrels of very different woods. It is aged for a minimum of twelve years, while extra-vecchio is aged for a minimum of twenty-five. Today, the company boasts 65 employees plus ten abroad who are thirty years of age on average with a turnover of €11 million, 65% of which deriving from global exports. Roots anchored in its community and a gaze directed abroad thanks to the four branches in Germany, Hong Kong, South Korea and America. Pages of the future that are written day after day, also safeguarding tradition. Just think that Museo Giusti, which is open every day, welcomes up to 30thousand visitors a year.

Story of a myth.
Let's take a step back in time. The first traces of balsamic vinegar production in Modena date back to Roman times, but it was during the Renaissance that the black gold of Modena - that elixir that enchanted princes and kings - conquered a place of honour on the tables of the European aristocracy. The recipe was handed down by word of mouth through the generations and the barrels were jealously guarded in the attics of the Modena homes. More than four hundred years have passed since the ancestors of the Giusti families set up the first barrels in the attics of their house in via Farini, in Modena’s city centre. Since then, every generation has handed down the knowledge, sensitivity and passion to produce excellent-quality balsamic vinegar. Then, with the Belle Époque, the value of the Giusti Balsamic Vinegar was recognised beyond national borders as well: as a result, fourteen golden medals were acquired that were drawn in the early 1900s and still characterize the label, together with emblem of the “Fornitori della Real Casa Savoia” (Suppliers of the Royal House of Savoy) granted by King Victor Emmanuel III of Italy. The company has its roots in a past that becomes a drive for innovation. “We are now niche luxury producers. Everything shows care for detail. Our label, for example, was designed in the Liberty style in the late 1800s. From the bond with the territory and the attention towards new trends, parallel initiatives aimed at promoting the brand developed over the years,” explains Claudio Stefani Giusti, CEO at Acetaia Giusti. This entrepreneur, born in 1973 and trained in management engineering with a past in strategic consultancy, projected the company towards the future thanks to young and flexible management and a glocal approach. Centuries-old knowledge and young entrepreneurial vision combine with promotion of the territory. “But people are the most precious ingredient. I have learned that success passes through their well-being. We work with a transversal model here: strategies and experiences are shared by all departments. Continuous training feeds a dynamics way of thinking that is at the basis of diversified growing strategies,” stresses Giusti. Strong identity and immediate recognisability on the shelves and in restaurants all over the world: Nowadays, Acetaia Giusti is Rinascente’s leading food supplier and one of the main for Eataly suppliers. But it is looking for new experiences. The first Bottega Giusti opened in 2019 in piazza Grande - a boutique for balsamic vinegar part of a palace designed by the great architect Gio Ponti overlooking the iconic square that is a Unesco World Heritage Site. “We have also opened our experiential shops in Bologna and Milan as well. Ancient and modern join forces to form a winning combination. Today, embracing tradition is the key to success,” says Giusti.

A journey through time and space.
The new facility was inaugurated in 2018 in a completely-restored agricultural town dating back to the mid-1800s. The six hundred 18th and 19th-century historic barrels still in use are the heart of the factory. This is where the new Museo Giusti is also located: a thematic path developed across ten rooms that illustrates the thousand-year history of balsamic vinegar, the secrets behind its production and an encounter with the Giusti family. A journey through time and space - the ancient pitchers used for storing, the tools used over the centuries by the vinegar asters and the first bottles and advertising fliers from the early 1900s. The century-old barrels, some of which are still in use, are among the most precious artefacts. It is an immersive experience, since there is even a tasting space where guests can savour the products from the historic factory. “We feel strongly about the value of the historic heritage we carry with us and do everything we can to share it as much as possible,” concludes Giusti. Work is currently under way on the new production facility covering over thirty thousand square metres with an investment of approximately €9 million. A modern, smart, efficient and sustainable space. To look forward to the centuries to come.

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