LVMH expects the filing of the offer by the end of May.
LVMH, a French multinational luxury goods conglomerate, announced that it is going to buy the entire Christian Dior brand. As of now, LVMH owns part of the brand and its Parfums Christian Dior division. Now, LVMH plans to buy Christian Dior’s haute couture, leather, men’s and women’s ready-to-wear as well as shoe businesses. This enormous acquisition is valued at approximately $13 billion USD.
Bernard Arnault, chairman and chief executive of LVMH, stated: ”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.”