Ferrari’s owner is taking a stake in Christian Louboutin shoe brand

Lisa Fickenscher
Mon, 08 Mar 2021 10:43:29 -0500

Italy’s billionaire Agnelli family, whose holdings include a controlling stake in Ferrari, is taking a stake in the Christian Louboutin shoe brand. The Agnellis’ firm Exor is paying $643 million for a 24-percent stake in Louboutin to grow its online business and help it expand into more markets including China, the companies said on Monday....