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LVMH announces its takeover bid on Dior

French Luxury Group LVMH headed by the billionaire CEO Bernard Arnault has announced its intention to take over another luxury brand Christian Dior for USD 13 Billion. The news immediately reflected on the share prices of Dior which soared to a record high of 13%. Though Arnault is the Chairman of both the firms, his family only holds a controlling ... Read More »

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