Prada Group to acquire a 10% stake in Rino Mastrotto Group from Renaissance Partners.

Prada Group, a global luxury fashion house, agreed to acquire a 10% minority stake in Rino Mastrotto Group, an Italian company specializing in high-quality leather and bespoke materials for luxury segments, from Renaissance Partners, a private equity fund. Financial Terms were not disclosed. “This transaction reflects our ongoing commitment to investing in the luxury segment. Having Prada Group as a shareholder is a testament to a long-standing collaboration built on trust and enhances our industrial vision to ensure sustainable growth," Matteo Mastrotto, Rino Mastrotto Group CEO.