FERRARI DIVERSIFICATION

In an exclusive preview, creative director Rocco Iannone and chief brand diversification officer Nicola Boari mapped out their vision and strategy as Ferrari prepares to hold its first luxury fashion show on Sunday.

Ferrari is mythical, said the brand diversification creative director. Ferrari’s community recognizes itself in a series of values that is unique to the label and that need to be understood to be translated into fashion.

First runway fashion show in Maranello, at the headquarters of the storied luxury sports car maker. Iannone, who was tapped to the role in November 2019, will present the brand’s fashion manifesto with a collection for men, women and children. We will see.

A FERRARI AT LOUBOUTIN

Exor, an Agnelli family holding, is to invest 541 million euros in Christian Louboutin to become a 24 percent shareholder in the Paris-based maker of red-soled shoes.

The transaction is expected to close in the second quarter, and suggests the Agnelli family, owners of Ferrari, have a growing appetite for fashion.

In December, Exor said it would invest around 80 million euros in Chinese luxury brand Shang Xia and become the company’s majority shareholder alongside Hermès International and founder Jiang Qiong Er.

Exor is also a shareholder in The Economist Group, PartnerRe, Stellantis, CNH Industrial, GEDI Gruppo Editoriale and Juventus FC. Continue reading