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Exor, the holding company of the Agnelli family, will pay 541 million euros to obtain a 24% stake in the capital of Louboutin, an acquisition unveiled on Monday by the two companies.
The Agnelli family once again expands its investment portfolio by becoming a shareholder of the famous brand known for its red soles. Exor joins companies such as Ferrari, Shang Xia, the Juventus football club, and The economist group.
“Exor is a company with a sustainable vision and a strong entrepreneurial culture to which, together with my partner Bruno, we are also very attached and where we fully recognise ourselves” said Louboutin.
Exor’s net assets now stand at approximately $29 billion.
It should be noted that this approach is also intended to help the luxury footwear retailer grow.
According to a joint press release, “This partnership aims to accelerate the next phase of Louboutin’s development” at a time when the brand is expected to seize “significant new opportunities” farmbrazil.com.br.
“There is significant scope to develop the presence of the Christian Louboutin brand, notably through further geographic expansion, notably in China. The company will continue to develop its multi-channel distribution strategy, notably by expanding its existing digital and e-commerce platforms. »
There are “excellent growth prospects” in the footwear ranges, and the brand “is well positioned to become one of the world’s leading luxury players” he said.
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Featured Photo : © Louboutin[/vc_column_text][/vc_column][/vc_row]
