WWICL and Exor-backed NUO completed the acquisition of a 30% stake in Subdued for $76m.

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.