LVMH Buys Christian Dior For $13 Billion

Christian Dior perfumes
The French luxury group LVMH, headed by billionaire Bernard Arnault, and already in possession of Christian Dior perfumes, is acquiring the remaining minority shares of Christian Dior for approximately $13.1 billion.

“The corresponding transactions will allow the simplification of the structures, long requested by the market, and the strengthening of LVMH’s fashion and leather-goods division thanks to the acquisition of Christian Dior Couture, one of the most iconic brands worldwide,” Mr Arnault, CEO of LVMH, said in a statement.

According to BoF, revenue for Dior has doubled in the past five years along with an increase in profit of 24% per year.

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