1 of 1
Story summary
- The Arnault family announced restructuring merging Agache with Financière Agache and converting Christian Dior into a limited partnership called Agache.
- New Agache will directly hold 49.76% of LVMH’s share capital and 65.55% of voting rights.
- The family will launch a public tender offer for Dior shares at €469.05 each, 95% of revalued NAV.
- LVMH’s stock has fallen 38% year-to-date, letting the family buy shares at a lower cost.
