Louboutin deal could signal different future for India’s luxury market
Footwear brand Christian Louboutin has entered into a new partnership with Indian group Aditya Birla Fashion and Retail Limited (ABFRL).
The two companies have said they envisage transferring Louboutin’s current business in India into a new ABFRL subsidiary, in which both partners will hold an equal stake.
ABRFL said it was thrilled to announce its new strategic alliance with the Paris-based footwear brand, describing its new partner as “a true icon in luxury footwear”.