Christian Dior SE, the listed company holding the Arnault family's LVMH stake, to be renamed Agache: holding companies folded in, 49.76% of LVMH and 65.55% of votes, a partnership with Bernard Arnault as managing partner, a 1.63bn euro cash offer for the 2.44% outside
Christian Dior SE, the listed holding company, announced the Arnault family's plan on 23 September; the two new directors replace Nicolas Bazire and Maria Luisa Loro Piana as part of it. Christian Dior has been listed on Euronext Paris for over thirty years, and shareholders who keep their shares stay in the controlling entity alongside the family. The offer will not be followed by a squeeze-out.
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01THE LISTED COMPANY CALLED CHRISTIAN DIOR IS TO BE RENAMED AGACHE.
02IT IS THE COMPANY THROUGH WHICH THE ARNAULT FAMILY HOLDS ITS STAKE IN LVMH.
03THE PLAN FOLDS THE FAMILY'S HOLDING COMPANIES, FINANCIÈRE AGACHE AND AGACHE, INTO IT.
04THE RENAMED AGACHE WOULD HOLD 49.76% OF LVMH DIRECTLY, AND 65.55% OF ITS VOTING RIGHTS.
05IT BECOMES A PARTNERSHIP LIMITED BY SHARES, WITH BERNARD ARNAULT AS MANAGING PARTNER.
06THE FAMILY WILL OFFER CASH FOR THE 2.44% OF CHRISTIAN DIOR IT DOES NOT HOLD, WORTH ABOUT 1.63 BILLION EUROS.
07SHAREHOLDERS VOTE IN DECEMBER. THE OFFER WOULD FOLLOW IN THE FIRST QUARTER OF 2027.
08ON 8 OCTOBER, TONY ESTANGUET, WHO RAN THE PARIS 2024 OLYMPICS COMMITTEE, AND XAVIER MUSCA JOINED ITS BOARD.