Luxury group LVMH has announced that it plans to simplify and regroup the Christian Dior brand, in deal valued at around $13 billion, as part of a strategic project to strengthen its fashion and leather goods division. The move would be made through a simplified public offer by the Arnault family group (Groupe Arnault) for Christian Dior shares that it does not currently hold. LVMH already owns Parfums Christian Dior so the group will be taking ownership of Christian Dior and its haute couture, leather, men's and women's ready-to-wear and shoes businesses.

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Christian Dior in 'fashion & accessories'