Buy
Sell
Share Name Share Symbol Market Type
Exor NV BIT:EXO Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.82 1.38% 60.30 60.36 60.40 60.98 58.60 58.84 121,451 16:35:05

Exor to Invest EUR541 Million for 24% Stake in Christian Louboutin

08/03/2021 7:50am

Dow Jones News


Exor NV (BIT:EXO)
Historical Stock Chart


From Jul 2020 to Jul 2022

Click Here for more Exor NV Charts.
   By Joshua Kirby 
 

Exor NV said Monday that it has agreed a deal to take a 24% stake in French fashion house Christian Louboutin.

The Amsterdam-listed investment company said it will invest 541 million euros ($644.5 million) in Christian Louboutin, known for its premium women's footwear. Under the deal, Exor will nominate two of the seven members of the company's board of directors.

Christian Louboutin has around 150 retail stores in 30 countries, as well as a global wholesale network and growing e-commerce capabilities, Exor said, adding that the brand has scope for further expansion, notably in China.

The transaction is expected to close in the second quarter.

 

Write to Joshua Kirby at joshua.kirby@dowjones.com; @joshualeokirby

 

(END) Dow Jones Newswires

March 08, 2021 02:35 ET (07:35 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

1 Year Exor NV Chart

1 Year Exor NV Chart

1 Month Exor NV Chart

1 Month Exor NV Chart
ADVFN Advertorial
Your Recent History
BIT
EXO
Exor NV
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20220702 21:02:34