WWICL and Exot to form NUO.

WWICL, a family office, and Exor, an investment holding company, are set to form NUO, a company launched to invest in and support the global development of medium-sized Italian companies specialising in consumer goods excellence. Financial terms were not disclosed. “We believe that Italy’s wealth of high quality, dynamic medium-sized enterprises, with their wonderful products and tradition, have true potential to become great companies of tomorrow. And we very much share with Stephen and Tommaso, the ambition of helping to make the very best high-end Italian products available more globally," NUO, John Elkann, Exor Chairman and CEO.