In Milan, the luxury icon Prada has announced that it bought the 10% share of the leading Italian leather production. With this step, the company wants to strengthen control of the production cycle is the most substantial, raw material phase.
Within the framework of the deal, Prada will transfer two Darchts, Italian Conceria Superior and French Tannerie Limoges, as well as a monetary investment (no amount has been published), Reuters reports.
Rino Mastrotto, which is supported by Renaissance Partners, supplies Luxury Luxury Brands, Auto Industry and Interior Design. Prada with this step strengthens its position in the luxury chain, from the material to the final product.
