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LVMH strengthens leathergoods division with Christian Dior acquisition

25/04/2017
The owner of luxury group LVMH, Bernard Arnault, will pay €12.1 billion to take full control of the operations of French fashion house Christian Dior. The deal will see it integrated into the LVMH Group. 

Mr Arnault’s family already controls a 74% stake in Christian Dior, as well as owning 47% of LVMH. LVMH bought Dior’s perfume division in the 1960s. 

LVMH will take control of Christian Dior Couture, which makes the Lady Dior handbag, in a move that will strengthen its fashion and leathergoods division. LVMH estimates this division of Christian Dior to be worth $6.5 billion.

Mr Arnault said the deal shows “the commitment of my family group and emphasises its confidence in the long-term perspectives of LVMH and its brands.”

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