Like other major luxury goods companies, the Milan-based group is continuing its policy of securing the leather supply chain by acquiring 10% of the Rino Mastrotto group. The deal involves the transfer to the latter of two companies already owned by Prada and specializing in calf leather and lambskin, respectively: Conceria Superior and Tanneries Limoges.
Prada is definitely in a buying mood this year.
After finalizing the acquisition of fellow Italian company Versace last April, the Milan-based group has just announced, in a press release, a stake in Rino Mastrotto, which is more symbolic but nonetheless strategic for its leather supplies: a 10% minority stake.
In return, Prada has committed to making a cash investment in its Italian supplier, for an undisclosed amount.
A major player
The transaction, which is subject to certain conditions precedent, is expected to close at the end of the second or beginning of the third quarter of 2025.
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Read also > Prada acquires Versace
Featured image: © Rino Mastrotto
