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.
Read also > Prada acquires Versace
Featured image: © Rino Mastrotto