CHRISTIAN LOUBOUTIN CHRISTIAN LOUBOUTIN AND PUIG – PARTNERS FOR WORLDWIDE LUXURY BEAUTY GROWTH

Paris, March 1, 2018

Puig and Christian Louboutin are thrilled to announce a long-term license agreement under the Christian Louboutin brand.

Five years after having developed a successful, unique vision and a one-of-a-kind universe for beauty by Christian Louboutin, both global players today launch a multi-year partnership involving creation, development and distribution in the luxury beauty territory. A partnership that combines both companies’ innate entrepreneurial, innovative and creative spirit to boost the beauty business.

“I am happy to continue this adventure with the Puig family. When I first met Marc and Manuel Puig, I immediately understood we had a lot in common. We are both a family business, we talk the same language and we are both passionate about what we do. Puig will be able to develop my vision of beauty according to the brand values,” commented Christian Louboutin.

Marc Puig – Chairman and CEO of Puig – states: “We are delighted to sign this agreement with Christian Louboutin. We respect his brand and creativity and we want to build on his original and innovative presence in the beauty territory.”

“Puig is the best partner to bring our beauty business to the next level while understanding and protecting our DNA and keeping our existing high positioning in the market. As we strongly believe in our potential in beauty, we’ve decided to sign a license agreement. I would like to thank Robin Burns-McNeill and Sam Ghusson and Batallure Beauty who have been great partners for the last five years,” added Alexis Mourot, Christian Louboutin Chief Operating Officer and General Manager.