The Agnelli family, owners of Ferrari and Juventus, has invested 541 million euros through its Exor holding company to become a 24% shareholder in luxury shoemaker Christian Louboutin, the two groups announced on Monday in a joint statement.
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The Agnellis will have two out of seven representatives on the supervisory board of the red-soled brand, according to the press release which underlines the "
significant potential for developing the presence of the Christian Louboutin brand, in particular through further geographic expansion, particularly in China
" .
