Agnelli family acquires 24% stake in Christian Louboutin

Published:  09 March, 2021
Credit: Christian Louboutin

Exor, the holding company owned by Italian business dynasty Agnelli, which founded Fabbrica Italiana Automobili Torino (FIAT), has invested €541 million in the French luxury footwear brand, acquiring a 24% stake.

Christian Louboutin, which is famed for its signature towering heels with red soles, has a retail presence of some 150 directly operated stores located in 30 countries. There is said to be scope to develop the brand’s retail footprint and expand further geographically, particularly in China. The company will continue to develop its multi-channel distribution strategy, in part by extending its existing digital and e-commerce platforms. Exor is said to be planning to accelerate the next phase of the company’s development.

The transaction is expected to close in the second quarter of 2021.

Exor is also a leading shareholder in Ferrari, PartnerRe, Stellantis, CNH Industrial, Juventus FC, The Economist, GEDI Gruppo Editoriale and Shang Xia.