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The Agnelli family becomes a 24% shareholder in Louboutin

2021-03-08T10:43:30.937Z

The Agnellis will have two out of seven representatives on the brand's supervisory board. The Exor holding company has invested 541 million euros.



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.

Read also: At the Palais de la Porte Dorée, Christian Louboutin hard at work

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

" .

Source: lefigaro

All business articles on 2021-03-08

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