Prada to acquire 10% stake in leather manufacturer Rino Mastrotto
The Prada Group is strengthening its presence in the leather supply chain with a new strategic agreement signed with Rino Mastrotto. The deal, which brings the Milanese luxury group into the capital of the Vicenza-based company with a 10% minority stake, includes the contribution to Rino Mastrotto Group of 100% of Conceria Superior SpA—subject to the purchase of the shares not yet owned—and of Tannerie Limoges.
The operation further solidifies the relationship between the two companies, supporting long-term strategic development. The closing is expected between the end of the second and the beginning of the third quarter of 2025, subject to certain conditions being met.
"By entering Rino Mastrotto, we are strengthening our control over a highly strategic phase of the production process. Our groups share a passion for quality, innovation, and sustainability, and we are pleased to foster synergies and consolidation to reinforce the supply chain and the Made in Italy label," said Patrizio Bertelli, chairman and executive director of the Prada Group.
"The Prada Group's entry into our shareholding structure validates our longstanding collaboration and mutual respect while bringing a broader industrial vision focused on long-term growth," said Matteo Mastrotto, CEO of Rino Mastrotto Group.
The Prada Group acquired a stake in Conceria Superior in 2022. Founded in the 1960s, the company specializes in calfskin processing and is now one of the leading tanneries in the Santa Croce sull'Arno district. On the other hand, French lambskin specialist Tannerie Limoges sold a majority stake to Prada in 2014.
Based in Trissino, the Rino Mastrotto Group is backed by Renaissance Partners and the Mastrotto family. The company employs over 1,300 people across five continents and generates approximately €360 million. annual revenues Its portfolio includes high-profile businesses such as Basmar and Pomari, Nuova Osba, Tessitura Oreste Mariani, and Mapel.
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