The Arnault Family Has Acquired The Remaining Stock Of Dior.

According to France

According to the news released by Autorit des des March s Financiers on Tuesday, Semyrhamis, the holding company of Arnault family, has acquired 36 million 400 thousand shares of Christian Dior SE, which means that the share of the shares of the Arnault family owned by the Arnault family has increased to 94.2% from the previous 74.3%, and the voting power has increased to 96.5%.

According to the world clothing and shoe net, a source familiar with the LVMH group revealed that the offer was very successful and added that in the next year, the Arnault family has no plans to make further offer, and will not let Christian Dior withdraw from the Euronext Paris stock exchange.

The acquisition is LVMH Group Chairman and CEO Bernard Arnault simplifies the business structure of Christian Dior group as LVMH holding company, and strengthens LVMH group.

And leather products department's important step of strategy.

After the paction is completed, Dior will become LVMH group.

The second largest brands in the Department are second only to Louis Vuitton.

Before the paction, LVMH group's major shareholder, Bernard Arnault family group, owns 74.1% of Christian Dior group.

According to the documents submitted by the LVMH group, the Bernard Arnault family will pay 172 euros in cash for Christian Dior shares per share, plus 0.192 shares of Hermes (Herm) s (Arnault family group is also the second largest shareholder of Hermes).

In addition, the Bernard Arnault family also provided two additional trading options, namely, the exchange of 260 euros of cash per share of Christian Dior shares (2.7% higher than the closing price of 253.05 euros in May 23rd), or the exchange of 0.566 shares (heres) owned by the family.

"We will reunite the two groups, which will help us produce better synergies and maximize growth potential," said LVMH Group Chairman and CEO Bernard Arnault.

In addition, Dior group has sold the Christian Dior Couture of its fashion business at 6 billion 500 million euros to LVMH group, which was completed on Monday.

Due to the historical evolution, Christian Dior group owns the Christian Dior Couture of high fashion business, and is also the largest shareholder of LVMH.

Christian Dior Couture manages clothing, accessories and jewelry business, and its beauty makeup and perfume line belong to LVMH group.

After the paction is completed, LVMH will have Christian Dior Couture fashion, beauty and perfume business.

A spokesman for the LVMH group did not comment on the news.

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