Aditya Birla Fashion and Retail Ltd. (ABFRL), has introduced a three way partnership with Christian Louboutin, one of many world’s well-known shoe designers identified for his high-end footwear and iconic soles.
This three way partnership envisages the switch of the present Indian enterprise right into a newly included subsidiary of ABFRL the place the companions will maintain equal stake. The firm has not made any further disclosures until going to the press.
“We look forward to working with ABFRL’s team to manage and develop the business in India which is an extremely important market for us,” mentioned Alexis Mourot, Christian Louboutin’s Group CEO in an announcement.
Ashish Dikshit, Managing Director, ABFRL mentioned, “This partnership reflects our commitment to offering our discerning customers the very best in elegance and style. It also exemplifies our ambition to develop and shape the future of the luxury market in India.”
