Exor inks €541M deal for Christian Louboutin stake
March 9, 2021
Exor, the investment vehicle controlled by the Agnelli family, has agreed to buy a 24% stake in Christian Louboutin for €541 million. The deal will allow the Paris-based luxury shoe and accessories brand to expand internationally, with a focus on China, and to invest in its ecommerce operations. Founded in 1991, Christian Louboutin has about 150 directly operated stores across 30 countries.