The transaction implies the contribution in kind by the Prada Group of 100% of the Upper Concrehens, after the acquisition of total property, and Tannerie Limoges SAS, in addition, Prada Group will make an investment in cash, resulting, in total, in a minority participation of 10% in the group of Mastrotto Rino. This transaction further strengthens the strategic association between Rino Mastrotto, a global provider of customary materials and services for the luxury industry and a reliable partner for the main fashion houses, and Prada Group, promoting long -term industrial development and reinforcing the commercial relationship between the two groups.
Prada will acquire a 10 percent participation in Rino Mastrotto Group when contributing to the upper Conception and Tannerie Limoges, along with an investment in cash. The agreement strengthens its long -term industrial association, improves Prada control over key production phases and supports sustainable growth. It is expected that it closes between the late Q2 and the beginning of the third quarter 2025, marks a strategic movement in the luxury manufacture.
The transaction is expected to close between the end of Q2 and the beginning of the third quarter of 2025 and is subject to certain usual conditions.
Matteo Mastrotto, CEO by Rino Mastrotto GroupHe commented: “This transaction reflects our continuous commitment to invest in the luxury segment. Having Prada Group as a shareholder is a testimony of a long data collaboration based on trust and improves our industrial vision to guarantee sustainable growth.”
Patrizio Bertelli, president and executive director of Prada GroupHe declared: “Investing in Rino Mastrotto allows our group to strengthen their 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 throughout the value creation chain and the fact in Italy.”
Alessio Masiero, partner of Renaissance PartnersHe added: “We are proud to welcome Prada Group as a shareholder in Rino Mastrotto. This transaction adds a significant strategic and industrial value, further improving the history of equity of Rino Mastrotto and supporting both its growth trip and consolidation.”
Note: The holder, the ideas and the image of this press release may have been refined by Fiber2Fashion staff; The rest of the content remains unchanged.
Fiber2Fashion News Desk (RM)
