Christian Louboutin posts drop in annual turnover

For the year to August 31, 2019, luxury shoe retailer Christian Louboutin reported 4.8 percent drop in total sales to 50.2 million pounds (62.9 million dollars). However, the company’s pre-tax profits increased by 9 percent to 1.2 million pounds (1.5 million dollars) resulting in shareholders getting a dividend of 3 million pounds (3.7 million dollars) during the year under review.