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Christian Dior and LVMH combined

Bernard Arnault is the boss of LVMH, which runs and Moet champagne, and is also the main shareholder in Christian Dior.

That will unite Christian Dior Couture, the 70 year old fashion label which has been worn by film stars from Elizabeth Taylor to Jennifer Lawrence, with the Christian Dior perfume and beauty business already owned by LVMH.

Shares in Christian Dior jumped about 11% and LVMH shares rose 5.4% on Tuesday.

Mr Arnault said the move would be an "important milestone" and underlined the confidence of his family group in LVMH.

"The corresponding transactions will allow the simplification of the structures, long requested by the market, and replica Serpenti Ring Bulgari the strengthening of LVMH's Fashion and Leather Goods division thanks to the acquisition of Christian Dior Couture, one of the most iconic brands worldwide," he said.

Christian Dior Couture, Fake Bvlgari jewelry which almost exclusively sells its goods through its 198 high end stores, had revenues of more than 2bn euros last year and profits of 270m euros.

Mr Arnault has a fortune of nearly $51bn (40bn), according to Forbes.

As well as LVMH and Dior, he also owns stakes in French fake Serpenti Ring Bulgari luxury goods rival Hermes and supermarket chain Carrefour.

What brands does LVMH own?LVMH, which was imitation Bulgari Zero1 ring created through the merger of and Moet Hennessy, owns more than 70 brands worldwide. They include:

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Added Aug 27

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