Bernard Arnault, the richest man in France and founder of LVMH, multinational luxury goods, is taking control of Christian Dior. The company will take over the French maison within the year in a 13.1 billion deal and, as part of the deal, it will buy Christian Dior Couture for 6.5bn. LVMH already owns the 75% of Dior and, according to Arnault, these strategic moves will simplify the two companies’ structures.

LVMH Christian Dior Backstage Fall 2017