Published: Tue, April 25, 2017
Business | By Jorge Reeves

LVMH to consolidate hold on Dior in multibillion-euro deal

LVMH to consolidate hold on Dior in multibillion-euro deal

That would streamline the current shareholder structure and help unlock synergies, LVMH finance chief Jean-Jacques Guiony told a telephone news conference.

The deal, announced Tuesday morning, sees the Arnault family making an offer on the publicly held Christian Dior shares it does not already own and regrouping the entire Dior brand within LVMH as part of its two-headed strategic plan to further solidify its luxury offering.

The brand expects the deal - which will unite Christian Dior make-up and perfume, haute couture, leather, men's and women's ready-to-wear and shoes businesses under one roof - to reach completion at the end of May or early June.

Turkey hits Kurdish areas in Iraq's Sinjar, northeast Syria
Zardasht Shingali, a spokesman for the YBS, said the strikes lasted three hours and hit five of his group's positions in the area. The strike on Karacok in Syria was confirmed by YPG, a Kurdish militant group that Turkey says is an extension of the PKK.

Christian Dior Couture is now considered an independent affiliate of LVMH despite having the same controlling shareholder.

The magnate behind the LVMH luxury empire is seeking to strengthen control over Christian Dior in a multibillion-dollar deal combining the fashion industry heavyweights.

- Christian Dior's shares were up 12 percent at 254 euros by 1030 BST on April 25, while LVMH shares were up 4 percent.

Obama thought Clinton's handling of email serve was political malpractice: book
After a slightly prolonged hesitation, Clinton took Obama's advise and called Trump to concede defeat. President, I'm sorry ", Clinton reportedly told him, feeling that she had let him down.

At the same time, the Arnault Family Group is planning a public takeover offer to purchase the shares in Christian Dior SA it does not already own. The move sees LVMH, which now owns Perfumes Christian Dior, buying the Christian Dior brand and its haute couture, women's and men's ready-to-wear lines, footwear and leather goods. Christian Dior in turn owns 41 percent of the shares and 56.8 percent of the voting rights in LVMH.

Mr Arnault said the move illustrated his family's commitment and confidence in LVMH and its brands.

Ichiro hits home run in potential final at-bat in Seattle
OAKLAND, Calif. (AP) - Khris Davis hit his seventh home run of the season, Yonder Alonso and Chad Pinder also went deep. And, of course, Ichiro delivered a moment that was fit for the big screen during his final at-bat in the ninth inning.

Like this: