The Agnelli family have taken a 24% stake in French fashion brand Christian Louboutin.
A joint statement issued on Monday 8 March 2021, stated that a 541 million euro investment was made via Exor (the Agnelli’s holding company).
As such the Agnellis take 2 seats on the 7 person board.
The Agnelli family are the owners of Italian icons Ferrari and Juventus football club.
The holding company Exor is one of the largest holding companies in Europe, managing assets estimated to be worth 24.5 Bn euros ($29 Bn)
Christian Louboutin established his business in the heart of Paris in 1991, first with a collection for Women followed by a Men’s collection a few years later, both recognizable by the signature red lacquered sole.
Christian Louboutin now counts 174 boutiques around the world.
There have been some critics of Louboutin and his shoe designs because they make objects of women. Louboutin’s designs are more about making women feel sexy rather than hum drum and functional.
What do you think?
Are they designed for women or men?
Some Louboutin Quotes
I hate the whole concept of comfort! It’s like when people say, ‘Well, we’re not really in love, but we’re in a comfortable relationship.’ You’re abandoning a lot of ideas when you are too into comfort.
Fashion isn’t interesting when it comes from an uninspired place. It’s like voodoo; we don’t want things that are soaked in blood, sweat, and tears. I adore life, and I’m very easy-going – and it shows in my work.
What was called extreme 20 years ago definitely isn’t extreme anymore. When I started, I remember people saying, ‘Oh my God, I can’t walk in that!’ It was like, three inches – they look like kitten heels now.
One moves more slowly in heels. Walking fast is neither sexy nor engaging. Nobody notices the people who race around. If you’re walking in heels, you’ve got time. It’s much more attractive
We hope for the continued success of Louboutin and are confident the decision making at the board level will be greatly enhanced by the Agnelli family.