Executive John Elkann updated the shareholders of the Italian holding company Exor on the status and future plans of Christian Louboutin, the world-famous French luxury shoe brand in which Exor has a 24% interest after investing €541 million in March 2021. The Agnelli family owns Exor.

Elkann praised Christian Louboutin for their dedication to innovation, brand positioning, and excellent financial performance. He spoke on the brand’s successful partnerships with other companies and artists, as well as its attempts to branch out into other product categories including eyeglasses through its collaboration with Marcolin. Taylor Swift has been spotted wearing Christian Louboutin shoes on her current global tour, and the partnership between Christian Louboutin and Maison Margiela was highly praised at this year’s Grammy Awards.

Christian Louboutin is on track to break €1 billion in sales this year, and Elkann is bullish about the company’s future prospects. Based on the excellent outcomes observed over the past three years, he emphasized Exor’s trust in Christian Louboutin’s potential for sustained success in the future and its enthusiasm for the relationship.