Corporate Investment

Kimberly Redmond | |

Italy’s billionaire Agnelli family agreed to buy a stake in French luxury shoe and bag maker Christian Louboutin for 541 million euros ($642 million). 

In a press release Monday, the family’s Exor NV holding company said it is acquiring a 24% stake in the company, which will enable Christian Louboutin to expand its operations, particularly in China. 

The investment will also enable further development of the shoemaker’s existi...