Prada 2025 "Days of Summer" Advertising Campaign
Prada Group acquires 10% stake in leading leather goods manufacturer Rino Mastrotto Group
The deal, which will see Milan-based Prada enter the capital of Rino Mastrotto Group with a 10% minority stake, includes the transfer to Rino Mastrotto Group of 100% of the shares of the tannery Conceria Superior SpA - subject to the purchase of shares not yet owned by it - and the French factory Tannerie Limoges, writes Fashion Network.
The transaction is scheduled to close in late second or early third quarter of 2025.
The Prada group acquired a stake in Conceria Superior in 2022. Founded in the 1960s, the company specializes in calfleather processing and is now one of the leading tanneries in the Santa Croce sull'Arno area. On the other hand, the French sheepleather specialist Tannerie Limoges sold a majority stake to Prada in 2014.
The Rino Mastrotto Group, based in Trissino, is supported by Renaissance Partners and the Mastrotto family. The company employs over 1 people on five continents and generates annual revenues of around €300 million. Its portfolio includes renowned companies such as Basmar and Pomari, Nuova Osba, Tessitura Oreste Mariani and Mapel.
This strategic collaboration will help Prada Group strengthen its production capabilities and the Trissino (Vicenza) holding company Rino Mastrotto Group to invest even more in the luxury segment.
“This transaction demonstrates our company’s desire to continue investing in the luxury goods segment,” said Matteo Mastrotto, CEO of Rino Mastrotto Group. “Prada’s entry into our shareholding confirms our long-standing collaboration and mutual respect, and brings a broader industrial vision aimed at long-term growth.”
Patrizio Bertelli, President and CEO of Prada, noted that by joining Rino Mastrotto, the group is strengthening its control over a strategically important phase of the production process.
“Our groups share a passion for quality, innovation and sustainability, and we are pleased to promote synergies and consolidation to strengthen the supply chain and Made in Italy,” he said.
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