EXOR invests in CHRISTIAN LOUBOUTIN
Context
Exor invests +€500 million to acquire 24% of Christian Louboutin. This transaction allows Exor to strengthen its presence in the luxury and fashion sector, and Christian Louboutin to benefit from Exor's expertise and resources to accelerate its development. The deal provides that Exor will appoint two of the seven members of Christian Louboutin's supervisory board. The alliance between the two parties will focus on several strategic priorities, including accelerating geographical expansion, particularly in China, and developing multi-channel distribution. Exor's strategy is to support Christian Louboutin's growth by providing its expertise and resources, while respecting the brand's independence and creativity. This transaction is an important step for Exor, which seeks to strengthen its presence in the luxury and fashion sector.
CHRISTIAN LOUBOUTIN, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (11.2x).
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Target
Christian Louboutin is a French luxury fashion brand founded in 1991, specializing in high-end footwear, particularly red-soled shoes, as well as other products such as handbags, belts, and beauty products. The company has developed a diversified range of products, including men's shoes, and has partnered with other companies for the creation and distribution of its products. Christian Louboutin is known for its creative talent and expertise in designing luxury products, and has managed to position itself as one of the most recognized luxury brands worldwide. The company has an international presence, with stores and distributors in many countries, and has developed a multi-channel distribution strategy, including online and physical sales. Christian Louboutin is a family-owned business, with its founder and management team still involved in the creation and strategy of the company.
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REFERENCES
Valuation range: EV 1b - 4b EUR
Revenue range: 450M - 900M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: christian louboutin
Acquirer: exor