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Christian Dior SE (), commonly known as Dior, is a French multinational luxury goods company that is controlled and chaired by French businessman Bernard Arnault, who also heads LVMH. , Dior controlled around 42% of the shares and 57% of the voting rights of LVMH. In addition, the Arnault family held a further 7% of the shares and 8% of the voting rights of LVMH as of that date. The original fashion house was founded by French designer Christian Dior in 1946 to make items. Clothing is now produced by Christian Dior Couture, which is a subsidiary of LVMH, whereas Christian Dior SE is a holding company that controls LVMH. Bernard Arnault's daughter, Delphine Arnault, has been the CEO of Christian Dior Couture since February 2023. Bernard Arnault's eldest son, Antoine Arnault, is the CEO of Christian Dior SE. History Founding The House of Dior was established on 16 December 1946
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Dior Logo 2022
Christian Dior SE (), commonly known as Dior, is a French Multinational corporation, multinational luxury goods company that is controlled and chaired by French businessman Bernard Arnault, who also heads LVMH. , Dior controlled around 42% of the shares and 57% of the voting rights of LVMH. In addition, the Arnault family held a further 7% of the shares and 8% of the voting rights of LVMH as of that date. The original fashion house was founded by French designer Christian Dior in 1946 to make items. Clothing is now produced by Christian Dior Couture, which is a subsidiary of LVMH, whereas Christian Dior Societas Europaea, SE is a holding company that controls LVMH. Bernard Arnault's daughter, Delphine Arnault, has been the CEO of Christian Dior Couture since February 2023. Bernard Arnault's eldest son, Antoine Arnault, is the CEO of Christian Dior SE. History Founding The House of Dior was established on 16 December 1946
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Fashion Accessory
In fashion, an accessory is an item used to contribute, in a secondary manner, to an individual's outfit. Accessories are often chosen to complete an outfit and complement the wearer's look. They have the capacity to further express an individual's identity and personality. Accessories come in different shapes, sizes, hues, etc. The term came into use in the 16th century. Types Fashion accessories may be loosely categorized into two general areas: carried accessories and worn accessories. Carried accessories include purses and handbags, hand fans, parasols and umbrellas, wallets, canes, and ceremonial swords. Worn accessories include cravats, ties, hats, bonnets, belts and suspenders, gloves, muffs, necklaces, bracelets, watches, eyewear, sashes, shawls, scarves, lanyards, socks, pins, piercings, rings, stockings and hair ties. Shoes, boots, sneakers, and all types of footwear are not accessories but 'wear for the foot'. The type of accessory that an ...
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Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ...
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Haute Couture
(; ; French for 'high sewing', 'high dressmaking') is the creation of exclusive custom-fitted high-end fashion design. The term ''haute couture'' generally refers to a specific type of upper garment common in Europe during the 16th to the 18th century, or to the upper portion of a modern dress to distinguish it from the skirt and sleeves. Beginning in the mid-nineteenth century, Paris became the centre of a growing industry that focused on making outfits from high-quality, expensive, often unusual fabric and sewn with extreme attention to detail and finished by the most experienced and capable of sewers—often using time-consuming, hand-executed techniques. ''Couture'' translates literally from French as "dressmaking", sewing, or needlework and is also used as a common abbreviation of ''haute couture'' and can often refer to the same thing in spirit. Terminology In France, the term ''haute couture'' is protected by law and is defined by the '' Paris Chamber of Commerce ...
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Fashion House
Fashion design is the art of applying design, aesthetics, clothing construction, and natural beauty to clothing and its accessories. It is influenced by diverse cultures and different trends and has varied over time and place. "A fashion designer creates clothing, including dresses, suits, pants, and skirts, and accessories like shoes and handbags, for consumers. They can specialize in clothing, accessory, or jewelry design, or may work in more than one of these areas." Fashion designers Fashion designers work in a variety of ways when designing their pieces and accessories such as rings, bracelets, necklaces, earrings and clothes. Due to the time required to put a garment out on the market, designers must anticipate changes to consumer desires. Fashion designers are responsible for creating looks for individual garments, involving shape, color, fabric, trimming, and more. Fashion designers attempt to design clothes that are functional as well as aesthetically pleasing. They ...
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LVMH
LVMH Moët Hennessy Louis Vuitton SE (), commonly known as LVMH, is a French multinational holding company and conglomerate that specializes in luxury goods and has its headquarters in Paris, France. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which had been established by the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). In April 2023, LVMH became the first European company to surpass a valuation of $500 billion. In 2023, the company was ranked 47th in the Forbes Global 2000. LVMH controls around 60 subsidiaries that manage 75 luxury brands. In addition to Louis Vuitton and Moët Hennessy, LVMH's portfolio includes Christian Dior Couture, Givenchy, Fendi, Celine, Kenzo, Tiffany, Bulgari, Loewe, TAG Heuer, Marc Jacobs, Stella McCartney, Sephora and Loro Piana. The subsidiaries are often managed i ...
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Luxury Goods
In economics, a luxury good (or upmarket good) is a good (economics), good for which demand (economics), demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. ''Luxury goods'' is often used synonymously with superior goods. Definition and etymology The word "luxury" derives from the Latin verb ''luxor'' meaning to overextend or strain. From this, the noun ''luxuria'' and verb ''luxurio'' developed, "indicating immoderate growth, swelling, ... in persons and animals, willful or unruly behavior, disregard for moral restraints, and licensciousness", and the term has had negative connotations for most of its long history. One definition in the OED is a "thing desirable but not necessary". A luxury good can be identified by comparing the demand for the good at one point in time agai ...
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Multinational Corporation
A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and controls the production of goods or services in at least one country other than its home country. Control is considered an important aspect of an MNC to distinguish it from international portfolio investment organizations, such as some international mutual funds that invest in corporations abroad solely to diversify financial risks. Most of the current largest and most influential companies are Public company, publicly traded multinational corporations, including Forbes Global 2000, ''Forbes'' Global 2000 companies. History Colonialism The history of multinational corporations began with the history of colonialism. The first multinational corporations were founded to set up colonial "factories" or port cities. The two main examples were the ...
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Financière Agache
Financière Agache SA is an investment holding company based in Paris that is the controlling shareholder of Dior and LVMH. It is controlled by Agache SCA, a company owned by Bernard Arnault and his family. Financière Agache acts as a family office for the Arnault family and also holds a portfolio of diversified financial investments. History The origins of Financière Agache can be traced back to Agache-Willot-Boussac, a French group that dealt in retailing, fashion and manufacturing. Formed from a series of mergers and acquisitions Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ..., it owned assets such as Dior, Conforama and Le Bon Marché. It also was close to bankruptcy in the early 1980s. In 1984, Bernard Arnault, then a young real estate developer had just returned t ...
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