TURIN - Exor, the investment company of Italy’s Agnelli family, is on the lookout for further acquisitions in luxury. It’s already the biggest shareholder of the automaker Ferrari, one of the world’s most desirable cars. Now the Milan-listed company is in exploratory talks with a few other high-end brands, a senior industry source close to the company said. No concrete deal is afoot yet.
Exor is competing against the deep pockets and full Rolodexes of LVMH, Kering and the Qatari investment company Mayhoola, which owns the Italian fashion house Valentino. All three are keen to buy brands and suppliers.
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