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LVMH takes over Christian Dior

Business of Fashion reports that LVMH plans to bring the entire Christian Dior brand within its fold. This is the result of a $13 billion deal made through a simplified public offer for the 26% of Christian Dior it does not currently already own at a price of €172 per share. LVMH already owns the perfume part of Christian Dior’s business, but now it would take ownership of its haute couture, leather, and ready-to-wear as well. 


[Photo: Coast-to-Coast/iStock]ES