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Following the recent trends of major luxury groups such as LVMH, Hermes, Chanel and Kering (Gucci) it now appears that Italian fashion house, Prada is on the hunt to buy a tannery to secure supply of top quality leather.
According to recent reports in the Italian press, Prada is planning to acquire a high-quality leather manufacturer as part of the company’s strategy of strengthening and integrating its production chain. The strategy was announced during a presentation on April 2 by the Group headed by Patrizio Bertelli.
The possible acquisition was reported by Italian daily Il Sole-24 Ore, which talked about the company’s various plans. It should be noted that Prada did not provide information about when, where or with whom the acquisition could take place.
Read also: Luxury Brands Love Buying Tanneries