LVMH takes ownership of Christian Dior for £10bn

Huge deal

Paris Couture Fashion Week
(Image credit: Rex Features (Shutterstock))

Huge deal

Hot on the heels of Jimmy Choo putting itself up for sale, luxury giant LVMH has scooped up Christian Dior in a huge £10bn deal.

The two-part transaction will see LVMH, who already owned shares in Dior, buy the rest of it, as well as the high-end fashion line for £5.5bn.

This will basically mean that LVMH will own the Dior brand, adding Couture to the perfume and beauty side of the business it already owned.

Mr Arnault, who owns the company, said: ‘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.’

LVMH already runs Louis Vuitton, Bulgari, Tag Heuer and Moet champagne amongst others, so this’ll only serve to consolidate its luxury status even further.

And it’s working already, with shares of Dior jumping up by 11% overnight. Well played.

Penny Goldstone

Penny Goldstone is the Digital Fashion Editor at Marie Claire, covering everything from catwalk trends to royal fashion and the latest high street and Instagram must-haves.

Penny grew up in France and studied languages and law at the Sorbonne Nouvelle University in Paris before moving to the UK for her MA in multimedia journalism at Bournemouth University. She moved to the UK permanently and has never looked back (though she does go back regularly to stock up on cheese and wine).

Although she's always loved fashion - she used to create scrapbooks of her favourite trends and looks, including Sienna Miller and Kate Moss' boho phase - her first job was at, sourcing the best deals for everything from restaurants to designer sales.

However she quit after two years to follow her true passion, fashion journalism, and after many years of internships and freelance stints at magazines including Red, Cosmopolitan, Stylist and Good Housekeeping, landed her dream job as the Digital Fashion Editor at Marie Claire UK.

Her favourite part of the job is discovering new brands and meeting designers, and travelling the world to attend events and fashion shows. Seeing her first Chanel runway IRL at Paris Fashion Week was a true pinch-me moment.