Latest news with #RinoMastrottoGroup
Yahoo
2 days ago
- Business
- Yahoo
Prada Group Bolsters Vertical Integration With Strategic Stake in Rino Mastrotto Group
MILAN — Prada Group continues to invest in Italy's pipeline and in the company's vertical integration. On Thursday, the Italian luxury group said it has acquired a 10 percent stake in leading tannery Rino Mastrotto Group. More from WWD Sabrina Carpenter Teases New Prada Beauty Product in Her 'Manchild' Music Video Patrizio Bertelli, Francesco Milleri, More Fashion Execs Receive Cavaliere del Lavoro Honor in Italy Capri Holdings Plots Turnaround After Steep Q4 Losses Under the terms of the agreement, Prada has taken full control of tannery Conceria Superior SpA and Tannerie Limoges S.A.S., and is contributing in kind 100 percent of the two companies to Rino Mastrotto Group. In addition, Prada is making a cash investment in a minority stake in Rino Mastrotto Group, which allows it 'to strengthen its control over a highly strategic phase of the production process,' said chairman and executive director Patrizio Bertelli. '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.' Rino Mastrotto Group is a global provider of materials and bespoke services for the luxury industry. The transaction, which is expected to close between the end of the second quarter and the beginning of the third quarter, contributes to fostering long-term industrial development and reinforces the commercial relationship between the two groups. The agreement 'reflects our ongoing commitment to investing in the luxury segment,' said Matteo Mastrotto, chief executive officer of Rino Mastrotto Group, which is jointly owned by Renaissance Partners and the Mastrotto family. '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.' Rino Mastrotto Group employs more than 1,300 people across five continents and generates a turnover of approximately 360 million euros. Under its umbrella, several companies and brands operate within the luxury segment, including Rino Mastrotto, Basmar, Pomari, Nuova Osba, Tessitura Oreste Mariani and Mapel. The group is also active in the automotive sector through Brusarosco in Italy and Elmo Leather in Sweden, and in interior design through its Italian division, Elmo Leather, the North American distribution branch Carrol Leather, and Imatex in the textile sector. Morelab, a Tuscan company, is a specialized provider of tailor-made services. 'This transaction adds significant strategic and industrial value, further enhancing Rino Mastrotto's equity story and supporting both its growth and consolidation journey,' said Alessio Masiero, partner at Renaissance Partners. Renaissance Partners invests in four sectors: sustainability, information technology, health care and specialized industrials, managing more than 2.8 billion euros, with investments in 12 companies and an aggregate turnover of approximately 6 billion euros. Bertelli has often prided himself for starting back in the '90s to build the group's network of plants that has grown in time to comprise 24 industrial facilities, of which 21 are in Italy, believing in factories 'as families,' creating the group's own pipeline, from product to retail, and investing over the years in protecting Italy's supply chain and small- and medium-sized companies. Among some of the key investments, for example, Prada Group twice joined forces with the Ermenegildo Zegna Group to acquire a majority stake in Filati Biagioli Modesto SpA in 2021, and in 2023 to buy a 15 percent stake each in knitwear and fine yarns specialist Luigi Fedeli e Figlio Srl. In 2022, Prada took a 43.65 percent stake in Superior, based in Santa Croce sull'Arno in the province of Pisa, Tuscany. The company, a leader in calfskin processing, has been active for more than 60 years in the Italian and international markets as a specialized tanner for the luxury sector. And in 2014, it acquired historic French tannery Tannerie Limoges, founded in 1936, relaunching the storied production site, specialized in lambskin tanning and in particular in the tanning of plongé napa leather. In addition, aiming at the integration of a luxury brand, Prada in April confirmed it was acquiring 100 percent of Versace from Capri Holdings for 1.25 billion euros, a transaction which is expected to close in the second half of the year. Best of WWD EXCLUSIVE: Sean Combs Regains Control of Sean John Brand Isabel Marant Said in Play Again: Sources Holding Industriale Invests in Shoe Specialist Valmor Sign in to access your portfolio
Fibre2Fashion
2 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)
Fashion Network
3 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
3 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 United
4 days 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@
