Latest news with #RinoMastrotto
Yahoo
3 days ago
- Business
- Yahoo
Prada boosts production control with Rino Mastrotto investment
Italian luxury fashion group Prada Group has made a strategic equity investment in tanning company Rino Mastrotto, promoting sustained industrial growth and solidifying the business ties. Prada will make an in-kind contribution of 100% of Conceria Superior and Tannerie Limoges, after securing complete control, to Rino Mastrotto, and will also inject cash, cumulatively acquiring a 10% minority interest in Rino Mastrotto. Prada Group chairman and executive director Patrizio Bertelli stated: '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.' Conceria Superior, founded in the 1960s and located in the tanning district of Santa Croce sull'Arno, is a leading name in calfskin processing. Prada's involvement with Conceria Superior began in 2022 when it became a shareholder. Tannerie Limoges, with more than seven decades of expertise, is a historic French tannery specialising in lambskin processing and the tanning of plongé nappa leather. The group acquired a majority stake in Tannerie Limoges in 2014. The deal is anticipated to be finalised between the end of the second quarter (Q2) and the beginning of Q3 2025. Rino Mastrotto received advisory services from Gatti Pavesi Bianchi Ludovici for legal counsel, Alvarez & Marsal for financial due diligence and Deloitte for legal and tax due diligence. Prada Group was supported by beLab for legal due diligence, PwC for financial due diligence and Legance for tax due diligence. Rino Mastrotto Group CEO Matteo Mastrotto stated: '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.' In April 2025, Prada agreed to buy the Versace brand from global luxury fashion group Capri in a $1.38bn cash deal. "Prada boosts production control with Rino Mastrotto investment" was originally created and published by Retail Insight Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fibre2Fashion
3 days ago
- Business
- Fibre2Fashion
Italy's fashion brand Prada takes 10% stake in Rino Mastrotto Group
Rino Mastrotto and Prada Group announce Prada Group's strategic equity investment in Rino Mastrotto Group. The transaction entails the contribution in kind by Prada Group of 100% of Conceria Superior S.p.A. – following the acquisition of full ownership – and Tannerie Limoges S.A.S. In addition, Prada Group will make a cash investment, resulting, in total, in a 10% minority stake in Rino Mastrotto Group. This transaction further strengthens the strategic partnership between Rino Mastrotto – a global provider of materials and bespoke services for the luxury industry and a trusted partner to leading fashion houses – and Prada Group, fostering long-term industrial development and reinforcing the commercial relationship between the two groups. Prada is set to acquire a 10 per cent stake in Rino Mastrotto Group by contributing Conceria Superior and Tannerie Limoges, along with a cash investment. The deal strengthens their long-term industrial partnership, enhances Prada's control over key production phases, and supports sustainable growth. Expected to close between late Q2 and early Q3 2025, it marks a strategic move in luxury manufacturing. The transaction is expected to close between the end of Q2 and the beginning of Q3 2025 and is subject to certain customary conditions. Matteo Mastrotto, CEO of Rino Mastrotto Group , commented: '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.' Patrizio Bertelli, Chairman and Executive Director of Prada Group , stated: '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.' Alessio Masiero, Partner at Renaissance Partners , added: 'We are proud to welcome Prada Group as a shareholder in Rino Mastrotto. This transaction adds significant strategic and industrial value, further enhancing Rino Mastrotto's equity story and supporting both its growth and consolidation journey.' Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (RM)
Business of Fashion
3 days ago
- Business
- Business of Fashion
Prada Acquires 10% Stake in Italian Leather Group Rino Mastrotto
Prada said on Thursday it acquired a 10 percent stake in Italian leather group Rino Mastrotto, as the luxury group aims to tighten its grip over the production process. Under the deal, Prada will confer to Rino Mastrotto two tanneries — Italy's Conceria Superior and France's Tannerie Limoges — and said it will make a cash investment, without specifying the figure. 'Investing in Rino Mastrotto allows our group to strengthen its control over a highly strategic phase of the production process,' Prada's chairman Patrizio Bertelli said in a statement. Rino Mastrotto, backed by private equity firm Renaissance Partners, produces leather for the luxury, automotive and interior design sectors. By Elisa Anzolin Learn more: Will Prada's Versace Bet Pay Off? Prada is adding one of Italy's most famous brands to its stable at an attractive price. But the group is also piling on complexity in a difficult luxury market.
Fashion Network
4 days 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
4 days 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.
