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Agnelli family, owners of Ferrari & Juventus, brings Louboutin under its wings
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Last Updated: Mar 09, 2021, 05:42 PM IST
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Reuters
Christian Louboutin set up the business in Paris in 1991, quickly winning a following for elegant women s footwear, followed by men s collections.
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PARIS: The Agnelli family, owners of Italian icons Ferrari and Juventus football club, has bought a 24 percent stake in French high-fashion brand Christian Louboutin, famous for its red-soled footwear. According to a joint statement Monday, the 541 million euro ($642 million) investment is being made via the Agnelli s Exor holding company and will give them two seats out of seven on the board.