The Italian fashion brand Prada takes 10% participation in Rino Mastrotto Group

Prada is intended to acquire a 10 % participation in the Rino Mastrotto Group contributing with Coneria Superior and Tannerie Limoges, together with an investment in cash. The agreement strengthens their long -term industrial partnership, improves Prada control over the key production phases and supports sustainable growth. Expected to close between the end of Q2 and the beginning of Q3 2025, it marks a strategic move in luxury production.

The transaction should close between the end of Q2 and the beginning of Q3 2025 and is subject to certain usual conditions.

Matteo Mastrotto, CEO of Rino Mastrotto GroupHe commented: “This transaction reflects our constant commitment to investments in the luxury segment. Having the Prada group as a shareholder is a testimony of a long -standing collaboration based on trust and improves our industrial vision to ensure sustainable growth”.

Patrizio Bertelli, president and executive director of Prada GroupHe said: “Investing in Rino Mastrotto allows our group to strengthen his control over a highly strategic phase of the production process. Our groups share a passion for quality, innovation and sustainability; we are proud to encourage synergies and promote consolidation along the chain of value creation and made in Italy.”

Alessio Masiero, partner of Renaissance PartnersAdded: “We are proud to welcome the Prada group as a shareholder of Rino Mastrotto. This transaction adds a significant strategic and industrial value, further improving Rino Mastrotto’s equity history and supporting both its growth and its consolidation journey”.

Note: the title, intuitions and image of this press release may have been perfected by the Fiber2fashion staff; The rest of the content remains unchanged.

Fiber2fashion News Desk (RM)