Prada Group has announced a strategic equity investment in Rino Mastrotto Group, further strengthening the partnership between the two companies. By Leatherbiz.

The deal is complex. It includes transferring Prada’s equity in Tuscany-based leather manufacturer Conceria Superior and in French supplier Tannerie Limoges to Milan-based private equity firm NB Renaissance Partners. Renaissance Partners is the majority owner of Rino Mastrotto Group.

A cash investment from Prada in Rino Mastrotto Group is also part of the new deal, and in total, Prada will hold a 10% stake in the leather manufacturing group.

The transaction is expected to close between the end of Q2 and the start of Q3 2025, subject to customary conditions.

Rino Mastrotto, a global supplier of luxury materials and services, has long-standing ties with Prada. The agreement aims to support long-term industrial development and reinforce strategic synergies in the leather supply chain.

Rino Mastrotto CEO, Matteo Mastrotto, said the investment reflects a shared vision for sustainable growth. Prada chairman, Patrizio Bertelli, noted the importance of controlling key production stages and strengthening the Made in Italy value chain.