Exor wants Christian Louboutin to surpass the one-billion-mark. An achievement already reached by the red-sole stylist in terms of wealth. The Agnelli family, which in 2021 bought 24% of the brand for 650 million USD, has set the first target: reaching the One Billion Club. The stylist, on the other hand, owns 35% of the brand worth 3.2 billion in 2023, has 1.2 billion USD.
Time for Louboutin to enter the One Billion Club
“Christian Louboutin is striving to reach a solid financial performance, continuing to innovate products and maintaining brand positioning”, said the CEO of Exor, John Elkann (on the left in photo from Imagoeconomica) in a letter to shareholders. “While the company progresses towards its objective of reaching 1 billion euro in sales, we continue to be enthusiastic for the forecasts. The partnership we have built in the last three years is encouraging and sets the basis for a bright future”, concludes Elkann. The company, famous for its red soles, makes more than 1 million pairs of shoes each year. Revenue in 2023 is around 700 million euro.
Personal wealth
The stylist already reached the target of 1 billion euro (after having opened the first store in 1991 in Paris). According to Forbes, Louboutin (on the right in photo from Shutterstock), 61 years old now, became a billionaire thanks to its brand being valued at 3.2 billion USD by Exor. The stylist retains 35% of the brand, or 1.1 billion USD of value. Moreover: some physical assets are valued at 100 million USD, which brings the total wealth to 1.2 billion USD.
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