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Christian Dior’s most precious heritage, savoir-faire inspired by excellence, is celebrated in .PARIS, France — LVMH announced on Tuesday that it plans to integrate the entire Christian .
Christian Dior’s most precious heritage, savoir-faire inspired by excellence, is celebrated in every creation crafted by the House, from haute couture to ready-to-wear, from jewelry to home accessories. PARIS, France — LVMH announced on Tuesday that it plans to integrate the entire Christian Dior brand within the luxury group, as part of a two-pronged strategic deal to strengthen its fashion and leather goods division. In total, the deal is valued at around billion. Pietro Beccari, who has headed Christian Dior Couture since 2018, becomes Chairman and Chief Executive Officer of Louis Vuitton. He succeeds Michael Burke, who will take up new responsibilities, reporting directly to Bernard Arnault, Chairman and Chief Executive Officer of LVMH, after spending ten years at the head of Louis Vuitton and guiding .En seulement dix ans, Monsieur Dior révolutionne les codes de l’élégance et de la féminité, imaginant des collections comme des rêves. Notre Maison réinvente l’héritage et les savoir-faire inestimables insufflés par Monsieur Dior, un rêve symbole de la haute couture parisienne.
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How did a 75-year-old brand triple its revenues in just four years? By overhauling its commercial offer, racing into e-commerce and investing in spectacular flagships, Christian Dior Couture has radically accelerated its business, transforming itself into “a homegrown Chanel challenger within LVMH.” LVMH has announced that it is to integrate the entire Christian Dior label into the luxury group. The news may seem confusing to many. The LVMH chairman, currently the world’s richest person with a net worth of 8 billion, appointed his daughter, Delphine, to run Christian Dior Couture on Wednesday. It’s the second-biggest. Christian Dior Couture’s enterprise value of 6.5 billion euros is equivalent to 15.6 times its EBITDA, a ratio which Jean-Jacques Guiony, chief financial officer of LVMH, said was in line.
In a statement released Tuesday, LVMH announced its plans to acquire the entire Christian Dior brand in a .1 billion deal. The luxury conglomerate already owns Parfums Christian Dior but will now also take ownership of the fashion house's haute couture collection, mens and women's ready-to-wear, shoes and leather. The world's top luxury company LVMH said Tuesday it plans to buy Christian Dior Couture, a wholly-owned unit of Christian Dior SA, for 6.5 billion euros (.0 billion).
Christian Dior’s most precious heritage, savoir-faire inspired by excellence, is celebrated in every creation crafted by the House, from haute couture to ready-to-wear, from jewelry to home accessories. PARIS, France — LVMH announced on Tuesday that it plans to integrate the entire Christian Dior brand within the luxury group, as part of a two-pronged strategic deal to strengthen its fashion and leather goods division. In total, the deal is valued at around billion. Pietro Beccari, who has headed Christian Dior Couture since 2018, becomes Chairman and Chief Executive Officer of Louis Vuitton. He succeeds Michael Burke, who will take up new responsibilities, reporting directly to Bernard Arnault, Chairman and Chief Executive Officer of LVMH, after spending ten years at the head of Louis Vuitton and guiding .En seulement dix ans, Monsieur Dior révolutionne les codes de l’élégance et de la féminité, imaginant des collections comme des rêves. Notre Maison réinvente l’héritage et les savoir-faire inestimables insufflés par Monsieur Dior, un rêve symbole de la haute couture parisienne.
How did a 75-year-old brand triple its revenues in just four years? By overhauling its commercial offer, racing into e-commerce and investing in spectacular flagships, Christian Dior Couture has radically accelerated its business, transforming itself into “a homegrown Chanel challenger within LVMH.” LVMH has announced that it is to integrate the entire Christian Dior label into the luxury group. The news may seem confusing to many.
The LVMH chairman, currently the world’s richest person with a net worth of 8 billion, appointed his daughter, Delphine, to run Christian Dior Couture on Wednesday. It’s the second-biggest.
Christian Dior Couture’s enterprise value of 6.5 billion euros is equivalent to 15.6 times its EBITDA, a ratio which Jean-Jacques Guiony, chief financial officer of LVMH, said was in line. In a statement released Tuesday, LVMH announced its plans to acquire the entire Christian Dior brand in a .1 billion deal. The luxury conglomerate already owns Parfums Christian Dior but will now also take ownership of the fashion house's haute couture collection, mens and women's ready-to-wear, shoes and leather.
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