Italy's Prada acquires 43.65 per cent of Superior S.p.A. tannery

Superior has recently focused its investments on process digitisation and a sustainable development plan centred on circular economy, energy efficiency and water resource protection. Under the agreement, management responsibility will remain with Stefano Caponi, the current CEO, Prada said in a media statement.

“The acquisition of a shareholding in Superior S.p.A. represents another important step in the strategic direction towards vertical integration of the Prada’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,” Patrizio Bertelli, CEO of Prada, said.

“I have been on a long path with Superior that I consider virtuous, with the aim of increasing our environmental sustainability, whether through process or product sustainability. All with the intention of improving our production activities first, then studying technical and process improvements, with the ultimate goal of providing customers with products of excellence. Therefore, achieving Made in Italy to the highest degree, but in a more sustainable way and with the lowest possible environmental impact. My vision as an entrepreneur has been to find a balance between medium- and long-term benefits, guaranteed by industrial innovation and energy efficiency projects, with targeted investments that can be implemented immediately. This agreement with the Prada, which contributes to this vision, is a source of great pride and satisfaction for me,” Stefano Caponi, chief executive officer of Superior S.p.A., said.

Fibre2Fashion News Desk (GK)