Prada Group has acquired a 43.7 percent stake in Superior S.p.A, a tannery based in Santa Croce Sull’Arno, on the outskirts of Pisa, Italy. As part of the deal, Superior founder and current CEO Stefano Caponi will maintain his C-suite position.
“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,” said Patrizio Bertelli, chief executive officer of the Prada Group.
“This venture will enable us to accelerate our progress on important issues such as traceability of raw materials and transparency of our supply chain,” he added. A 60-year-old tannery, Superior has recently made a digitization push and heightened its sustainability credentials, including energy efficiency and water-saving programs.
Characterized by a strong R&D approach, Superior has forged ties with Pisa’s university Scuola Superiore Normale to identify high-tech solutions, including an ultrasound system, aimed at reducing its manufacturing footprint. As of January 2022, Superior is the world’s first tannery to be certified Carbon Neutral, in line with the Sustainable Development Goals.
Prada Group’s acquisition reflects its commitment to the Italian supply chain. Over the years it has structured its own supply chain and today has 20 production sites in Italy and three in Europe. Last year, in an unexpected venture, Prada and Zegna each bought a 40 percent stake in Filati Biagioli Modesto SpA, which specializes in the production of cashmere and other precious yarns.
Read the full article at: cpp-luxury.com
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