Prada will confer to Rino Mastrotto two tanneries- Italy’s Conceria Superior and France’s Tannerie Limoges, as per the reports
In line with its strategy of strengthening control over its production process, Prada has acquired a 10 per cent stake in Rino Mastrotto Group. Reuters reported that as part of the deal, Prada will confer to Rino Mastrotto two tanneries- Italy’s Conceria Superior and France’s Tannerie Limoges.
As per the official statement, Prada stated that the transaction entails the contribution in kind by the company of 100 per cent of Conceria Superior SpA, following the acquisition of full ownership – and Tannerie Limoges SAS.
“Investing in Rino Mastrotto allows our group to strengthen its control over a highly strategic phase of the production process. Our groups share a passion for quality, innovation and sustainability; we are proud to foster synergies and promote consolidation along the value creation chain and the Made in Italy,” highlighted Patrizio Bertelli, Chairman and Executive Director of Prada Group.
This transaction further strengthens the strategic partnership between Rino Mastrotto, a global provider of materials and bespoke services for the luxury industry and Prada Group, fostering long-term industrial development and reinforcing the commercial relationship between the two groups.
“This transaction reflects our ongoing commitment to investing in the luxury segment. Having Prada Group as a shareholder is a testament to a long-standing collaboration built on trust and enhances our industrial vision to ensure sustainable growth,” stated Matteo Mastrotto, Chief Executive Offier (CEO) of Rino Mastrotto Group.
The statement added that the transaction is expected to close between the end of the second quarter and the beginning of Q3 2025 and is subject to certain customary conditions.
