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The luxury shoe manufacturer Louboutin has achieved cult status worldwide since the television series “Sex and the City”.
The listed Exor holding of the Italian entrepreneurial family Agnelli invests in the fashion industry. The holding company acquired a 24 percent stake in the company of the well-known French shoe designer Christian Louboutin. The deal amounts to 541 million euros, said Exor in a press release on Monday.
Exor will provide two of the seven directors of the Louboutin Group. The aim is to develop the brand on an international level. The luxury shoe manufacturer Louboutin is known for its high-heeled women's shoes with red soles, which have achieved cult status at least since the television series “Sex and the City”.
