Rino Mastrotto and the Prada Group have signed a binding agreement on the participation of the Italian fashion group in the leather manufacturer.
According to a press release, the transaction stipulates that the Prada Group brings 100 percent of the Conceria Superior Spa, after acquiring the shares that have not yet been held, and Tannerie Limoges SAS brings Limoges SAS into the Rino Mastrotto Group. In addition, the Prada Group commits to a barinvestment. In return, she receives a total of ten percent at the Rino Mastrotto Group share capital.
“With the start of Rino Mastrotto, we strengthen control of a highly strategic phase of the production process,” said Patrizio Bertelli, CEO of the Prada Group. “Our corporations share the passion for quality, innovation and sustainability. We are pleased to promote synergies and consolidation in order to strengthen the supply chain and the ‘Made in Italy’.”
With this transaction, Rino Mastrotto strengthens a connection with the Prada Group, a tailor -made materials and services for a wide range of luxury segments of specialized group and reference partners for various fashion houses. This promotes long -term strategic development, explained management in the message. The end of the transaction is expected between the end of the second and beginning of the third quarter of 2025 and depends on the fulfillment of certain suspensive conditions.
“This transaction shows the will of our company to continue to invest in the luxury segment. The entry of the Prada Group to our share capital confirms the long cooperation and the mutual appreciation. It brings a more comprehensive industrial vision that is geared towards long -term growth,” said Matteo Mastrotto, Managing Director of Rino Mastrotto Group.
The conceria superior, founded in the 1960s, is one of the main actors in the tannery sector of the Italian community of Santa Croce Sull’arno. It specializes in the processing of calf leather and is characterized by craftsmanship, technological innovation and commitment to ecological sustainability. The Prada Group joined the conceria Superior share capital in 2022, according to the statement. The historical French tannery tannerie Limes has specialized in the tanning of ‘Plongé’ nappa leather for over seventy years. The acquisition of a majority stake in the Prada Group in 2014 contributed to the manual know-how to be used, from which leather of high quality and versatility emerged.
“We are proud to welcome the Prada Group in the Rino Mastrotto share capital. With this strategically and industrially top -class cooperation, Rino Mastrotto strengthens his equity story and continues the path of growth and consolidation,” said Alessio Masiero, partner of Renaissance Partners.
This article was used with digital tools translated.
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