French fashion powerhouse LVMH has just announced the integration of the entire Christian Dior label into the luxury group, which already controls Céline, Givenchy and Fendi. The move will see it sell out completely of rival luxury brand Hermès, as the Arnaut group offer a mix of cash and Hermès shares in return for publicly held stake in Dior.
The deal will reunite the various branches of Dior, including makeup, ready-to-wear and haute couture, for the first time in decades. Since becoming the first female head of design in 2016, Maria Grazia Chiuri, has blurred gender boundaries and breathed new life into the iconic brand.
Meanwhile, Jimmy Choo has just announced that it is up for sale, forcing shares of the luxury shoe company to soar by 10 percent. The company has been majority owned by JAB Luxury since 2011. Of course, speculation as to who will purchase the £700 million brand is rife, but at this stage experts predict that it will not be a huge conglomerate such as LVMH. Rising by a third, Jimmy Choo’s share price has steadily increased over the last year, suggesting a resurgence in the demand for luxury goods.
The deal will reunite the various branches of Dior, including makeup, ready-to-wear and haute couture, for the first time in decades. Since becoming the first female head of design in 2016, Maria Grazia Chiurri, has blurred gender boundaries and breathed new life into the iconic brand.
Meanwhile, Jimmy Choo has just announced that it is up for sale, forcing shares of the luxury shoe company to soar by 10 percent. The company has been majority owned by JAB Luxury since 2011. Of course, speculation as to who will purchase the £700 million brand is rife, but at this stage experts predict that it will not be a huge conglomerate such as LVMH. Rising by a third, Jimmy Choo’s share price has steadily increased over the last year, suggesting a resurgence in the demand for luxury goods.
Written by Thea Carley
