Rino Mastrotto has sold a 10% stake to Prada, enhancing the luxury fashion house's control over its leather supply chain while bolstering Rino Mastrotto's position in the market.

Information on the Target

Rino Mastrotto, a key player in the high-end leather industry, has recently completed a significant transaction by selling a 10% stake to renowned luxury fashion house Prada. Controlled by private equity firm Renaissance Partners, Rino Mastrotto specializes in providing premium leather essential for various sectors, including fashion, automotive, and interior design. This partnership not only signifies a strategic investment by Prada but also fosters Rino Mastrotto’s operational expansion within the luxury leather sector.

The agreement further entails the transfer of two prominent tanneries, namely Conceria Superior located in Italy and Tannerie Limoges in France, into Rino Mastrotto's portfolio. Although financial terms of the deal remain undisclosed, the move has been noted as an important step towards enhancing production capabilities and quality assurance in the luxury leather supply chain.

Industry Overview in Italy

The Italian leather industry is renowned worldwide for its craftsmanship, quality, and innovation. Italy's leather goods, particularly luxury items, are highly regarded, shaping trends within the glo