Shoe Designer Christian Louboutin Is Now A Billionaire
How the famed French cobbler turned his signature red soles—worn by Beyoncé, Taylor Swift and anyone who can afford them—into serious gold.
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How the famed French cobbler turned his signature red soles—worn by Beyoncé, Taylor Swift and anyone who can afford them—into serious gold.
More brands and more products in more geographical regions. More sales. Beyond the eye-watering spending required to build the infrastructure to ship all those orders and process all those free returns, it was a model that undercut much of what had appealed to consumers in the first place.
Valentino and Pierpaolo Piccioli parting ways is fresh news but the rumor mill is already in overdrive, suggesting Alessandro Michele as a successor.
In a research note, Bernstein analyst Luca Solca has maintained his recommendation on the stock with a Neutral rating. The target price is unchanged at EUR 193.
Analyst Luca Solca from Bernstein research considers the stock attractive and recommends it with a Buy rating. The target price is still set at CHF 166.