You are here

French tycoon's LVMH to consolidate control over Dior

Deal unites ownership of one of the most iconic fashion brands under one roof for the first time in decades

BT_20170426_DIOR1_2856993.jpg
Dior (above), whose look has been refreshed in recent decades by the likes of Galliano, Raf Simons and Hedi Slimane, already works closely with LVMH.

BT_20170426_DIOR1_2856993.jpg
Mr Arnault (above) said that cooperation would increase after the deals.

Paris

FRENCH billionaire Bernard Arnault moved to consolidate control over Christian Dior for about 12.1 billion euros (S$18.3 billion), folding the fashion house's operations into the LVMH luxury empire in one of his biggest transactions.

The deal unites ownership of one of the

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom