NEWS

Milan, 15^th September 2022 - The Prada Group announces the acquisition of 43.65 percent of the share capital of Superior S.p.A., a tannery in Santa Croce sull'Arno in the province of Pisa, Tuscany. Under the agreement, management responsibility will remain with Stefano Caponi, the current CEO.

The company, a leader in calfskin processing, has been active for more than 60 years in the Italian and international markets as a specialised tanner for the luxury sector. Superior has recently focused its investments on process digitisation and a sustainable development plan centred on circular economy, energy efficiency and water resource protection.

Patrizio Bertelli, CEO of the Prada Group, said, "The acquisition of a shareholding in Superior S.p.A. represents another important step in the strategic direction towards vertical integration of the Prada Group's supply chain, through investments in infrastructure and people, to increase our industrial know-how as well as control quality along all manufacturing stages. This venture will enable us to accelerate our progress on important issues such as traceability of raw materials and transparency of our supply chain."