Latest news with #PradaGroup
Fashion Network
16 hours ago
- Business
- Fashion Network
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.
Fashion Network
a day ago
- Business
- Fashion Network
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.
Fashion United
a day ago
- Business
- Fashion United
Prada acquires ten percent of Rino Mastrotto Group
Rino Mastrotto and Prada Group have signed a binding agreement for Prada to acquire a minority stake in Rino Mastrotto Group. As part of the transaction, Prada Group will contribute 100 percent of Conceria Superior SpA—following the acquisition of remaining shares—and Tannerie Limoges SAS to Rino Mastrotto Group. The group also made a cash investment in exchange for a total minority stake of 10 percent in Rino Mastrotto Group. The move further strengthens the strategic partnership between the two groups. Rino Mastrotto, a key supplier of bespoke materials and services to the luxury sector, is a long-time partner of Prada and serves several major fashion houses. The transaction is expected to enhance long-term industrial collaboration and development. Closing expected between late Q2 and early Q3 2025 The closing of the deal is anticipated between the end of the second quarter and the beginning of the third quarter of 2025. Completion remains subject to customary closing conditions. 'This transaction demonstrates our company's willingness to continue investing in the luxury segment. Prada Group joining our share capital validates the long-standing collaboration and mutual respect and brings a broader industrial vision aimed at long-term growth,' said Matteo Mastrotto, CEO of Rino Mastrotto Group. Patrizio Bertelli, chairman and executive director of Prada Group, added: 'By joining Rino Mastrotto, we are strengthening our presence in a highly strategic 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'.' Conceria Superior, founded in the 1960s, is a key player in the Santa Croce sull'Arno tanning district. Specialising in calfskin, it is recognised for its artisanal expertise, technological innovation and environmental responsibility. Prada Group initially acquired a stake in Conceria Superior in 2022. Tannerie Limoges, a historic French tannery specialising in lambskin, has been active in the production of plongées nappa leather for over 70 years. Prada Group acquired a majority stake in the tannery in 2014, helping to safeguard its artisanal heritage and uphold the quality of its versatile leathers. 'We are proud to welcome Prada Group to Rino Mastrotto's share capital. With this collaboration, which has a high strategic and industrial profile, Rino Mastrotto further strengthens its equity story and continues its path of growth and consolidation,' commented Alessio Masiero, partner at Renaissance Partners. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Fashion Network
a day ago
- Business
- Fashion Network
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.
Fashion Network
a day ago
- Business
- Fashion Network
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.
