In an effort to strengthen its control over the manufacturing process, luxury fashion giant Prada said on Thursday that it had purchased a 10 per cent share in the Italian leather company Rino Mastrotto.
As part of the agreement, Prada would provide Rino Mastrotto two tanneries: Tannerie Limoges in France and Conceria Superior in Italy. It also stated that it will make a cash investment, though it did not say how much.
Prada Chairman Patrizio Bertelli stated in a statement that the group’s investment in Rino Mastrotto enables it to enhance its control over a particularly critical stage of the production process.
Supported by the private equity firm Renaissance Partners, Rino Mastrotto manufactures leather for the interior design, luxury, and automobile industries.
