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.
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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.
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By GlobalDataRino 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.
