Exor news and archive

Christian Louboutin is now a billionaire

Christian Louboutin has officially become a billionaire. The French designer's eponymous brand, best known for its iconic red-soled shoes, was valued at 3.2 billion USD by investment firm Exor. As Louboutin owns a 35 percent stake in the company, his net worth is now estimated to be 1.2 billion USD, according to a new Forbes report. Opening his...

BusinessFeatured

Exor snaps up 24 percent stake in Christian Louboutin

Exor, the European holding company controlled by the Agnelli family, has acquired a 24 percent stake in Christian Louboutin for 541 million euros. The investment will help the luxury footwear brand expand geographically, with a particular focus on the Chinese market, Exor said in a release. It will also help the company develop its multi-channel...