On June 5, 2025, Italian luxury house Prada Group announced a strategic equity investment in Rino Mastrotto, a major player in the leather tanning industry. Through this transaction, Prada will acquire a 10% minority stake in Rino Mastrotto, further solidifying the long-standing relationship between the two companies.
The deal includes the in-kind contribution of two companies wholly owned by Prada Group: Conceria Superior S.p.A. (Italy) and Tannerie Limoges S.A.S. (France), alongside a cash investment. This structure allows Prada to strengthen its control over the upstream leather supply chain and enhance its vertically integrated value creation model.
Conceria Superior, based in the renowned tanning district of Santa Croce sull’Arno, is known for its craftsmanship, advanced technology, and commitment to sustainability. Prada became a shareholder in 2022.
Meanwhile, Tannerie Limoges is a historic French tannery specializing in lambskin, particularly in plongé nappa leather. With a legacy of over 70 years, it became majority-owned by Prada in 2014, which has since helped preserve and develop its artisanal expertise.
These long-term partnerships set the foundation for the current equity investment, which is expected to accelerate strategic synergies between the companies. Future collaboration is likely to include joint development of innovative materials and further environmental initiatives.
Patrizio Bertelli, Chairman and Executive Director of Prada Group, commented: “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.”
Matteo Mastrotto, CEO of Rino Mastrotto, also stated: “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 close between the end of Q2 and the beginning of Q3 2025, pending customary conditions and legal formalities.
Background and Strategic Outlook
This equity deal stands as a symbolic move in the growing trend of luxury brands vertically integrating their material supply chains. Prada has steadily invested in expanding its in-house production capabilities and strengthening relationships with key suppliers. Securing control from the raw materials stage has become central to the company’s brand value strategy.
On the other hand, Rino Mastrotto operates a network of high-end material companies across Italy and beyond. In addition to fashion, it has diversified into the automotive and interior design sectors. With a strong focus on ESG and sustainable practices, the group is positioning itself as a key player in the evolving luxury materials landscape.
For Prada, this investment is not merely a supply-side enhancement—it marks a strategic advancement in aligning creativity with industrial execution. Building an integrated system from materials to final products ensures consistent quality and positions the group for long-term competitive strength in the luxury space.
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