Exor to invest $97m in Chinese luxury group Shang Xia

Exor to invest $97m in Chinese luxury group Shang Xia

Photo by Priscilla Du Preez on Unsplash

Exor, the holding company of Italy’s Agnelli family, said on Wednesday it would invest around 80 million euros ($97 million) through a reserved capital increase to become the largest shareholder of Chinese luxury company Shang Xia.