How much did Bernard Arnault buy Dior for?
He got the rest of US$65 million (RM275 million) financed from Lazard to buy Boussac – the then-parent company of Christian Dior – in 1985. Since then, Arnault has been acquiring luxury brands and earned nicknames like “the wolf in the cashmere coat“ in French media.
Did LVMH buy Dior?
Christian Dior: Per The Fashion Law, LVMH acquired Christian Dior in a $13.1 billion deal. Previously, the brand was owned by Groupe Arnault, a private holding company owned by LVMH CEO Bernard Arnault. Most recognizable for: Dior is a luxury brand, best known for its gowns and handbags.
Who currently owns Dior?
LVMH
Christian Dior SE (French: [kʁistjɑ̃ djɔʁ]), commonly known as Dior, is a French luxury fashion house controlled and chaired by French businessman Bernard Arnault, who also heads LVMH, the world’s largest luxury group. Dior itself holds 42.36% shares of and 59.01% voting rights within LVMH.
How Bernard Arnault become rich?
Arnault began his career working for his father’s manufacturing company. Arnault used this foothold in the luxury business to begin building what would become the world’s largest luxury conglomerate. Over the next 11 years, LVMH’s value multiplied fifteen times over and sales and profit increased fivefold.
How much of LVMH does Arnault own?
Shareholders. At the end of 2017, the only declared major shareholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault. The group’s control amounted to 46.84% of LVMH’s stock and 63.13% of its voting rights.
When did LVMH acquire Dior?
In 1988, through one of its subsidiaries, Christian Dior took a 32% stake in LVMH, an ownership interest that would be gradually increased over the years.
How much is Bernard Arnault worth?
180.5 billion USD (2022)Bernard Arnault / Net worth
He is the chairman and chief executive of LVMH Moët Hennessy – Louis Vuitton SE, the world’s largest luxury goods company. Arnault is, as of 31 January 2022, the second-richest person in the world and the richest person from Europe, with an estimated net worth of US $192.6 billion according to Forbes.
How did Bernard Arnault acquire Dior?
With $15 million of his own money, Arnault, together with Antoine Bernheim, a managing partner of the French bank Lazard Frères and Co., raised the $80 million necessary to purchase Boussac Saint-Frères, a bankrupt textile company that owned the fashion house of Christian Dior.