Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Christian Louboutin UK pays £3m dividend despite fall in profits

Luxury footwear designer Christian Louboutin has taken home part of a £3m dividend from his UK business despite dwindling profits and flat sales.

According to This is Money, the founder of the French fashion brand reportedly took home part of the dividend, which was paid to the brand’s parent company, as profits in the UK dropped to £1.1m from £5.7m.

Louboutin blamed a challenging retail climate in the UK, as sales edged up 0.3% to £52.7m in the year to 31 August 2017.

The brand said the weaker pound following the UK referendum vote led to higher purchasing costs, adding that the economic outlook continues to be uncertain.

However, the company said its stores performed well and it is confident of longer-term sales growth.

Drapers has contacted Christian Louboutin UK for comment.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.