The 100% Coneria is contributed to the contribution by the Prada Group of Speria Spaa – after the acquisition of complete ownership – and Tannerie Limoges Sas SAS. In addition, Prada Group will invest a cash, resulting in a 10% minority in the Reno Mastroton Group. This transaction further strengthens the strategic partnership between Rino Mastroto-a global provider of materials and BSpoke services for the industry and a reliable partner-and Prada Group, promotes long-term industrial development and strengthens commercial relations between the two groups.
Prada is ready to get a 10 percent stake in the Rino Mastrotto Group by contributing to a cash investment as well as a cash investment. The deal strengthens their long -term industrial partnership, increases the control of Prada at major production stages, and supports permanent growth. Late Q2 and initial Q3 are expected to be closed between 2025, this is a strategic move in luxury manufacturing.
The transaction is expected to close between the end of Q2 and the beginning of Q3 2025 and is subject to some customary situations.
Mato Mastrotto, CEO of Rino Mastrotto Group,
Prada Group President and Executive Director Patrizio BurteliIt has been said: “Investing in Rino Maestrootto allows our group to strengthen its control over a high strategic phase of the production process. Our groups share a passion for quality, innovation and stability; we are proud of promoting synonyms and promoting the consolidation with the price manufacturing chain and the price manufacture chain and the magic in Italy.”
Alesio Masiro, participant in Renaissance Partners,
Note: The headline, insight and image of this press release can be refined by fiber2fashion employees; The rest of the material remains unchanged.
Fibre2fashion News Desk (RM)
