Extremely Wealthy
Almost all of luxury fashion is now owned by two French families
This week, LVMH announced a $13.1 billion deal (paywall) that would consolidate control over Christian Dior, the 70-year-old Parisian fashion house. It’s merely the latest acquisition in a battle between two families that has turned the world of luxury fashion into a virtual duopoly. The Arnaults The patriarch of the…
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Click here to read the full story: Quartz