Announced
Completed
Financials
Sources
Tags
Italy
Friendly
Clothing and Accessories
women’s fashion
clothing
Acquisition
fashion accessories
Majority
Minority
Private
Private Equity
Domestic
Completed
Single Bidder
Synopsis
WWICL and Exor-backed NUO, a company launched to invest in and support the global development of medium-sized Italian companies specialising in consumer goods excellence, completed the acquisition of a 30% stake in Subdued, a womenswear clothing chain, for $76m. "Through this partnership with Nuo and their network we will be able to accelerate the global development of a brand that is already well established in the European market," Alessandro Orsini, Subdued Co-Founder and CEO.
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