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Finance: Exor, new shareholder of Louboutin!

Finance: Exor, new shareholder of Louboutin!

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”.

 

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“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.

Read also > OTB GROUP TAKES CONTROL OF JIL SANDERS

 

Featured Photo : © Louboutin

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