The French luxury group LVMH, led by billionaire Bernard Arnault, which already owns Christian Dior perfumes, is buying out the minority shareholders of Christian Dior for about $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. [Read more…] about LVMH Buys Christian Dior For $13 Billion
