LVMH to Buy the Rest of Christian Dior for $13 Billion USD
Fusing together the entire Christian Dior brand.
According to Bernard Arnault, chairman and chief executive of LVMH, “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.”
This move will solidify and fuse together the Christian Dior brand. Revenue for Dior has doubled in the past five years with improved profitability and increase in profits. LVMH expects this deal to be filed by the end of May.
Click here to check out Dior’s extravagant new store in Tokyo.