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Exor

July 23, 2021

Agnelli family’s Exor linked to Armani, Zegna family lists luxury group via $3.2 billion SPAC, Les Wexner distances from L Brands with $2.2 billion share sale.

Agnelli family’s Exor linked to Armani

The Agnelli family that made its fortune in the Italian auto industry is expanding its interests in luxury goods with apparent overtures to Armani, only months after acquiring a quarter-stake in Christian Louboutin.

Agnelli scion John Elkann (pictured left), 45, the billionaire chairman and chief executive of Exor, the family-controlled holding company, has been in talks with fashion designer Giorgio Armani, Reuters reported.

April 26, 2021

Sir James Dyson defends ventilators texts to PM Boris Johnson, Juventus chairman Andrea Agnelli “remains convinced” by European Super League, Chinese and US shoppers boost luxury sector recovery for Kering, Hermes and LVMH.

Sir James Dyson defends ventilators texts to PM Boris Johnson

Sir James Dyson says he neither sought nor received any benefit from Boris Johnson when he was asked by the UK’s prime minister to build £20 million ($27.7 million) worth of ventilators early in the national Covid-19 emergency.

February 10, 2020

Agnelli family office weighs selling PartnerRe to Covea for $9 billion, Reimann family looks to float $7 billion coffee empire, L’Oreal family actions next gen succession.

Agnelli family office weighs selling PartnerRe to Covea for $9 billion

The family office of Italy’s Agnelli dynasty has confirmed it has entered into exclusive discussions with French insurer Covea about a possible all-cash acquisition of reinsurer PartnerRe.

May 31, 2019

The $190 billion merger between Fiat Chrysler Automobiles (FCA) and Renault signals the emergence of family principal John Elkann as a major player as the world’s car industry develops connectivity, electric powered vehicles and autonomous driving.

The $190 billion merger between Fiat Chrysler Automobiles (FCA) and Renault signals the emergence of family principal John Elkann as a major player as the world’s car industry develops connectivity, electric powered vehicles and autonomous driving.

The merger also shows how a dynastic family business can make bold strategic decisions to ensure its sustainability in an era of technological disruption.

July 25, 2018

The family principal behind Fiat Chrysler Automobiles (FCA) has pledged to build on the legacy of Sergio Marchionne, his friend and non-family chief executive, who is credited by many with rescuing the automaking group from bankruptcy.

The family principal behind Fiat Chrysler Automobiles (FCA) has pledged to build on the legacy of Sergio Marchionne, his friend and non-family chief executive, who is credited by many with rescuing the automaking group from bankruptcy.

John Elkann, chairman and chief executive of the Agnelli family-controlled holding company Exor, paid tribute to Marchionne, who died suddenly today in intensive care in Zurich aged 66 from complications from shoulder surgery.

March 1, 2018

Fiat Chrysler Automobiles (FCA) is the latest top 10 carmaker to say it will stop making diesel cars. 

Fiat Chrysler Automobiles (FCA) is to stop making diesel cars by 2022—the latest top 10 carmaker to call it quits on the controversial fuel.

The Italian carmaker that is controlled by Exor, the investment vehicle of the Agnelli family who have a 29% stake in FCA, said it would stop making diesel cars due to falling demand and spiralling regulatory costs, according to media reports.

October 5, 2016

John Elkann, the fifth-generation chairman of Fiat Chrysler, has stepped down from the board of American media multinational News Corp.

John Elkann, the fifth-generation chairman of Fiat Chrysler, has stepped down from the board of American media multinational News Corp.

In a statement, News Corp—owned by Australian-born American media mogul Rupert Murdoch—said Elkann left the board in light of the increased demands of his role as chairman of his family’s investment vehicle, Exor.

August 12, 2015

Exor, the multi billion dollar investment vehicle for the Agnelli family, has become the largest shareholder in The Economist Group after British owner Pearson sold its 50% stake to a group of families for £469 million ($731 million).

Exor, the multi billion dollar investment vehicle for the Agnelli family, has become the largest shareholder in The Economist Group after British owner Pearson sold its 50% stake to a group of families for £469 million ($731 million).

Under the terms of the deal, Exor Spa, headed by fifth-gen John Elkann, will pay £287 million to increase its stake to 43.4% from 4.7% and the Economist Group will buy back the remainder of Pearson’s stake for £182 million.

July 27, 2015

John Elkann, the fifth-generation heir to the Agnelli fortune, is reportedly leading a group of families towards a potential buyout of weekly financial publication The Economist and several other titles, according to a company statement.

John Elkann, the fifth-generation heir to the Agnelli fortune, is reportedly leading a group of families towards a potential buyout of weekly financial publication The Economist and several other titles, according to a company statement.

The proposed deal comes one week after UK owner Pearson, another family-controlled conglomerate, sold the Financial Times to the Nikkei Group of Japan, as it looks to focus on its core education business.

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