Aditya Birla Fashion and Retail Limited (ABFRL), India’s leading fashion company, has announced a partnership with Christian Louboutin, one of the world’s most famous shoe designers known for his high-end footwear and iconic soles.
Under this joint venture, the present Indian operation will be moved into a freshly formed ABFRL subsidiary, in which each partner would own an equal share.
Known for their iconic red sole shoes, Christian Louboutin is one of the most prestigious brands in the world of luxury fashion. Christian Louboutin has successfully expanded its business into men’s footwear, leather goods and accessories, cosmetic products, and children’s clothing. It now has retail locations in more than 30 nations.
“We are excited to partner with ABFRL’s team and look forward to working with them to manage and develop the business in India which is an extremely important market for us,” commented Alexis Mourot, Christian Louboutin’s Group CEO.
Ashish Dikshit, Managing Director, Aditya Birla Fashion and Retail Limited commented “We are thrilled to announce our strategic alliance with Christian Louboutin, a true icon in luxury footwear.”
“We are excited to welcome Christian Louboutin into the ABFRL family and building a strong platform for the brand in India,” Sathyajit Radhakrishnan, CEO of International Business, Aditya Birla Fashion and Retail Limited.
ABFRL is a division of The Aditya Birla Group, a well-known Indian corporation. As of 31st March 2023, it had 10.8 million square feet of retail space and generated Rs. 12,418 crore in revenue.
The company has a network of 3,977 stores across approximately 33,535 multi-brand outlets with 6,723 point of sales in department stores across India (as on 31st March 2023).
