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Group Manager Group Compliance
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Content Editor – h&m Group Communications
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Tech Oriented HR Business Partner –h&m Group Business Tech
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Head of Product Analytics – h&m Business Tech - Customer Domain
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Production Manager to h&m’s Global Marketing & Communications Department
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Commercial Advisor to h&m Group Business Tech
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Global HR Business Partner For h&m Customer Service
Permanent · Borås
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Product Area Manager - Business Tech Checkout
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Business Expert With Passion For Product Information to h&m Group Business Tech - Customer Domain
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Software Engineer to The Network Management & Security Team Within Business Tech
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Analytical Engineer to Business Tech, h&m Group
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Technical Engineer to Monitoring & Insights Team, Business Tech h&m Group
Permanent · Stockholm
By
Reuters API
Published
Mar 8, 2021
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Exor buys 24% stake in shoemaker Louboutin

By
Reuters API
Published
Mar 8, 2021

The Agnelli family's investment holding company Exor will buy a 25% stake in luxury shoemaker Louboutin for 541 million euros ($643 million), the two companies said on Monday.


A model from Louboutin's collaboration with Selfridges - Selfridges/Christian Louboutin



"The partnership (is) to accelerate the next phase of (Louboutin's) development," the joint statement said, adding that Exor was a perfect fit for Louboutin "at a moment when the brand is poised to capture significant new opportunities".

Exor will nominate two of the seven members of Louboutin's board of directors, alongside the firm's founders, the groups said.

The deal is expected to close in the second quarter of the year.

Founded in 1991, Christian Louboutin is best known for producing shoes with soles painted in lipstick red and for attracting high-profile customers including film stars, musicians and royals.

Louboutin had 150 directly-operated retails stores in 30 different countries.

Exor, which is a top investor high-end carmaker Ferrari, in December invested around 80 million euros to become the largest shareholder of Chinese luxury group Shang Xia, which had been co-founded by French group Hermes.
 

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