Italian luxury holding Prada Group has announced the acquisition of a 43,65% stake in the Tuscan tannery Superior, which specializes in the processing of calfleather. The amount of the transaction is not disclosed.
“The acquisition of Superior's stake represents another important step in the strategic direction of the vertical integration of the Prada Group's supply chain through investments in infrastructure and personnel, with the aim of expanding our manufacturing know-how as well as quality control at all stages of production. This venture will allow us to accelerate our progress on important issues such as the traceability of raw materials and the transparency of our supply chain,” said Prada Group CEO Patrizio Bertelli.
The Superior tannery was founded in the 60s and is located in Santa Croce sull'Arno, on the outskirts of Pisa, in Tuscany. Under the terms of the agreement with Prada, the founder and current CEO of the plant, Stefano Caponi, will retain his place at the head of the enterprise.
Over the years, Prada Group has built its own supply chain and today it has 20 production sites in Italy and three in other European countries.