French group to bring fashion house’s brands from perfume to couture under one roof in complex deal worth €12bn
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.
The Arnault family, which holds a controlling stake in LVMH, owns 74.1% of Christian Dior, one of the world’s top fashion houses. The family said it wants to buy the remainder for €12bn, or €260 a share. It will then sell Christian Dior Couture to LVMH for €6.5bn.
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