Companies

Prada acquires a 10% stake in the Rino Mastrotto leather group

Jun 18, 2025 Italy

The Italian luxury group will hand over two tanneries to Rino Mastrotto, as well as an unspecified cash investment. This will enable Prada to exert greater control over its production process

As part of the deal, the Prada Group will transfer ownership of Conceria Superior and Tannerie Limoges to the Italian leather group and make an unspecified cash investment, resulting in a 10% stake in Rino Mastrotto. This transaction further strengthens the existing partnership between the two groups.

“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”, commented Patrizio Bertelli, Chairman and Executive Director of Prada Group.

Backed by private equity firm Renaissance Partners, Rino Mastrotto produces leather for the luxury, automotive and interior design sectors.

Matteo Mastrotto, CEO of Rino Mastrotto Group, commented: “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”.

The transaction is expected to complete between the second and third quarters of 2025 and is subject to certain customary conditions.

Image Credits: pe-insights.com

Italy Acquisitions Companies Leather Luxury Prada Tannery