Luxury fashion firm Christian Louboutin suffers fall in UK sales amid downturn on High Street
Luxury fashion firm Christian Louboutin has suffered a fall in UK sales amid a downturn on the High Street.
Christian Louboutin UK, which imports and sells the upmarket designer’s shoes and accessories in Britain, sold £50.2m of goods in the year to August – down 4.8 per cent on the previous 12 months.
Profits edged up slightly to £1.2m from £1.1m, according to documents filed with Companies House.
Best foot forward: Christian Louboutin co-founded the business in 1991 after being expelled from school and working briefly as a landscape gardener
A spokesman for the firm said: ‘The UK retail environment remains challenging, both in stand-alone boutiques and also in department stores. The directors remain confident that in the longer term the business will deliver sales growth.’
It also blamed uncertainty over Brexit for dampening sales, saying consumers were spending less.
Louboutin co-founded the business in 1991 after being expelled from school and working briefly as a landscape gardener.
He came up with the idea for the red-soled shoes after using an assistant’s ‘Chinese Red’ nail polish to add finishing touches to a pair of high heels.