Home » ‘Christian Louboutin’s Value Estimated at .2 Billion’

‘Christian Louboutin’s Value Estimated at .2 Billion’

by Dubaiforum

Renowned luxury shoe designer, Christian Louboutin, has been valued at an impressive 3.2 billion USD by investment firm Exor. Louboutin, who holds a 35 percent stake in his eponymous company, now boasts a net worth estimated at 1.2 billion USD, as reported by Forbes. The iconic red sole, a trademark of his designs, was accidentally created when Louboutin used his assistant’s nail polish on a pair of heels in his Paris atelier back in 1992.

In 2021, Louboutin, along with business partners Herni Seydoux and Bruno Chambelland, sold a 24 percent stake to Italian company Exor for approximately 650 million USD. This strategic move has allowed the brand to expand its reach and focus on the lucrative market in China. As a part of the Agnelli family’s holding company, Exor has become the brand’s largest stakeholder and has contributed to a 30 percent increase in the brand’s value.

The year 2023 marked a significant milestone for Louboutin as he created custom shoes for Taylor Swift’s Era Tour and bespoke boots for Beyoncé’s Renaissance Tour, further solidifying his brand’s presence in mainstream pop culture. The brand’s appeal continues to grow, with the recent opening of a new store in Kuala Lumpur showcasing Louboutin’s timeless and luxurious designs.

You may also like

About Dubai Forum

Dubai Forum: your daily source for the latest news from Dubai, the United Arab Emirates, and the broader Middle East region. Our coverage includes updates on people, lifestyle, communities, business, startups, and finance, keeping you informed on all facets of the dynamic Dubai scene. #Dubaicommunities #people #travel #startups #DubaiForum