Stone Island, Shang Xia, Supreme: why acquisitions are increasing
The year 2021 opens with many questions, including those raised by recent acquisitions operated in the luxury industry, obvious signs of new strategies accelerated by Covid-19.
By Bettina Bush Mignanego12 janvier 2021
At the end of the year 2020, new players have entered the luxury arena, such as Exor, a Holding of the Agnelli family, previously active in the motor and publishing industries. In collaboration with Hermès, it chose China for its first operations in luxury. With John Elkann at its head, it acquired the majority of Shang Xia, the Chinese luxury brand created ten years ago in Shanghai and in the hands of the French luxury group.
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