Luxury, Exor invests 541 million for 24% of Christian Louboutin shoes

by time news

Exor will invest € 541 million to acquire a 24% stake in Christian Louboutin, and will appoint 2 of the 7 board members of the company. The partnership, explains a note, aims to accelerate the next phase of Louboutin’s development at a time when the brand is ready to seize new significant opportunities. Louboutin has a broad international presence through approximately 150 directly operated stores located in 30 countries, a worldwide network of premium wholesale relationships and has rapidly developed its e-commerce capabilities. In addition to the excellent growth prospects of its footwear range, Christian Louboutin is well positioned to become one of the world’s leading luxury players.

There is ample room to develop the presence of the Christian Louboutin brand, especially through further geographical expansion, particularly in China. The Company will continue to develop its multichannel distribution strategy, not least by extending its existing digital and e-commerce platforms. The transaction is expected to close in the second quarter of 2021. Founded in 1991, Christian Louboutin has grown to become one of the most important names in world luxury: famous for its women’s shoes with an unmistakable red sole and managed to diversify his attivita ‘in other segments, which calzature of man, pelletteria, accesorios and beauty.

Christian Louboutin can count on an appreciated and highly experienced management team that has been able to rigorously implement a strategic plan based on excellence and growth. The Company boasts a unique identity and culture, the result of the talent of its designers, who have the exclusive responsibility of expressing the creativity of the brand in all its different aspects. Commenting on Exor’s partnership with Christian Louboutin, John Elkann, president and CEO, said: “Over the years I have been able to admire Christian’s talent with which he has created one of the largest independent luxury brands in the world. Today we are very happy to join him, Bruno and his fantastic team to work together with the aim of accelerating the development plans of this ambitious company. We share the same family spirit, the same culture and the same values, which are the basis of a solid partnership. Christian Louboutin’s extraordinary creativity, his energy and his vision are exactly the qualities that are needed to build a great company “.

Speaking of the partnership with Exor, Christian Louboutin, founder of the company of the same name, declared: “Exor is a company that pays great attention to the long term and has a strong entrepreneurial culture, which my partner Bruno and I care about. a lot, and in which we completely recognize ourselves. It was important for me, and for the members of our company, that in order to write a new page in the history of our Maison, the partner we associate with respected all these values, was open-minded. and had ambition and dynamism. Exor has clearly emerged as our ideal partner, with whom to continue Louboutin’s adventure, which began just 30 years ago. My team and I are very happy with this union and we would like to thank John and the Exor team for the care they have dedicated to understanding the human history of our Maison, to accompany us in the best way for decades to come “.

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