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Luxury goods giant LVMH grabs full control of Christian Dior


The Guardian

The French luxury group LVMH, led by billionaire Bernard Arnault, is to take full control of Christian Dior, in a complex €12bn (£10bn) deal that reunites the fashion house with the perfume and other Dior brands. LVMH, the world’s largest luxury company, owns Christian Dior perfumes and beauty after a deal in the 1960s to raise capital for the then-struggling brand. The latest transactions will bring the whole Christian Dior brand under one roof, from fashion to fragrances.


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