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
Wed, Apr 26, 2017 - 5:50 AM
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.
Mr Arnault (above) said that cooperation would increase after the deals.
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.