Reported 2 days ago
Prada Group has acquired a 10 percent stake in the Rino Mastrotto Group, a leading tannery, as part of its strategy to strengthen vertical integration and control over its production processes. The deal includes full control of Conceria Superior SpA and Tannerie Limoges S.A.S., and a cash investment aimed at fostering efficiency and sustainability in luxury production. This strategic partnership is set to enhance the collaboration between both companies and supports Prada's ongoing commitment to investing in the luxury market.
Source: YAHOO