The heirs of Fiat founder Gianni Agnelli decided to buy almost a quarter of the French shoe brand Christian Louboutin. The deal is expected to close in the second quarter of this year
Фото: Gao Jing / Keystone Press Agency / Global Look Press
The family of Fiat founder Gianni Agnelli has agreed to buy a stake in the company of French fashion designer Christian Louboutin. message holding company Agnelli Exor.
Through Exor, the Agnelli family intends to acquire 24% of the company for € 541 million ($ 641.5 million). In addition, Exor will appoint two of the seven members of Christian Louboutin’s board of directors.
The deal is expected to close in the second quarter of 2021. After her, the controlling stake in the company will remain with Louboutin and his business partner Bruno Chambelland.
In recent years, Agnelli has been diversifying its assets and acquiring stakes in companies outside the automotive market. Specifically, in December, Exor invested € 80 million in the Chinese premium brand Shang Xia, which is co-founded by the French company Hermès, said Reuters.