The Arnault family wishes to merge its holding companies to exercise control of LVMH via a single company holding 49.76% of the capital and 65.55% of the voting rights, according to a project presented to the board of directors of Christian Dior.
AI-generated summary
The Arnault family currently controls LVMH through a set of complex holding companies. This reorganization aims to consolidate this control in a single entity.
The Arnault family group wants to simplify the structure that controls the global luxury giant LVMH, through several merger-absorption and transformation operations, the Christian Dior company announced in a press release on Wednesday.
According to a project presented to the board of directors of Christian Dior, the Arnault family wants to merge its holding companies to “ensure the sustainability of its control” over the group. Ultimately, control of LVMH would be exercised within a single company holding a direct stake in LVMH of 49.76% of the capital and 65.55% of the voting rights.
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AI outlook — possibilities, not facts
The Arnault family will finalize the merger of its holding companies by the end of the year
Likely · Within months
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