Christian Louboutin
Christian Louboutin aims to reach €1 billion in revenue
The Agnelli family, which controls Exor Holding, which in 2021 acquired a 24% stake in the French shoe brand Christian Louboutin for about $650 million, has set an ambitious goal for the brand to reach revenues of 1 billion euros - laconceria.it.
“Christian Louboutin is committed to achieving sustainable financial performance while continuing to innovate its products and maintain its brand positioning,” Exor CEO John Elkann wrote in a letter to shareholders. “As the company progresses towards its goal of exceeding €1 billion in revenue, we remain encouraged by its prospects. The partnership we have developed over the past three years gives us confidence in a bright future.”
The company, known for its red soles, produces more than 1 million pairs of shoes a year. Christian Louboutin's annual income is estimated at approximately 700 million euros.
It is noted that the French designer himself, the founder of the brand Christian Louboutin, currently owns 35% of the brand and has long been a member of the club of billionaires. Forbes estimates his fortune at $1,2 billion. And the value of the Christian Louboutin brand was determined by Exor Holding last year at $3,2 billion.
Exor NV is a holding company with more than a century of history, controlled by the Italian Agnelli family, ranked 28th by revenue in the 500 Fortune Global 2020 ranking. The company has a century-long history of investments, including in car makers Stellantis and Ferrari, machinery and equipment manufacturer CNH Industial, global reinsurer PartnerRe, as well as football club Juventus and international publisher The Economist.
The Agnelli family, which controls Exor Holding, which in 2021 acquired a 24% stake in the French shoe brand Christian Louboutin for approximately $650 million, has set an ambitious goal for the brand -...
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