Prada Group strengthens collaboration with Rino Mastrotto Group by acquiring a minority stake in the company

Rino Mastrotto and Prada Group announce the signing of a binding agreement for Prada’s entry into the share capital of Rino Mastrotto Group.

The transaction provides for the contribution to Rino Mastrotto Group by Prada Group of 100% of Conceria Superior S.p.A. – following the acquisition of the remaining shares not yet owned – and Tannerie Limoges S.A.S. Prada Group will also commit a cash investment, in exchange for an overall 10% minority stake in the share capital of Rino Mastrotto Group.

Founded in the 1960s, Conceria Superior is one of the key players in the leather district of Santa Croce sull’Arno. Specializing in calfskin processing, it stands out for its artisanal heritage, technological innovation, and commitment to environmental sustainability. Prada Group entered the share capital of Conceria Superior in 2022.

Tannerie Limoges, a historic French tannery specializing in lambskin, has been a benchmark of excellence in “plongé” nappa tanning for over seventy years. Prada Group’s acquisition of a majority stake in 2014 contributed to preserving the artisanal know-how that produces leathers of outstanding quality and versatility.
With this transaction, Rino Mastrotto – a group specialized in providing bespoke materials and services for a wide range of luxury segments and a key partner for several fashion maisons – further consolidates its relationship with Prada Group, paving the way for long-term strategic development.

Closing of the transaction is expected between the end of the second and the beginning of the third quarter of 2025, subject to customary conditions precedent.

Matteo Mastrotto, Chief Executive Officer of Rino Mastrotto Group, stated:
“This transaction reflects our company’s determination to continue investing in the luxury segment. Prada Group’s entry into our share capital strengthens a long-standing collaboration and mutual esteem, while bringing a broader industrial vision aimed at long-term growth.”

Patrizio Bertelli, Chairman and Executive Director of Prada Group, commented:
“By joining Rino Mastrotto, we strengthen 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.”

Alessio Masiero, Partner at Renaissance Partners, added:
“We are proud to welcome Prada Group as a shareholder of Rino Mastrotto. With this highly strategic and industrial partnership, Rino Mastrotto further strengthens its equity story and continues on its growth and consolidation path.”

Rino Mastrotto was advised by Gatti Pavesi Bianchi Ludovici for legal matters, Alvarez & Marsal for financial due diligence, and Deloitte for legal and tax due diligence.
Prada Group was supported by beLab on legal due diligence activities, PwC for financial due diligence, and Legance for tax due diligence.