Italy’s Agnelli family buys 24% stake in luxury brand Louboutin
Linking up with Louboutin, known for its signature red-soled women’s shoes, follows investment in Chinese luxury brand Shang Xia
08 March 2021 - 17:53
Rome — Italy’s billionaire Agnelli family on Monday agreed to buy a stake in French shoe and bag maker Christian Louboutin for €541m, expanding in the luxury industry.
The family’s Exor holding company said it was acquiring a 24% stake and sees growth potential for the brand in China and in e-commerce. Exor will nominate two of Louboutin’s seven board members...
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