Acquired
Hermès
David Rosenthal
Yes. But... He and LVMH didn't own this 25% minority stake in Dior. He takes the Hermes shares and does a share swap. So swaps that value directly with the 25% of Dior that he doesn't own to bring that first into Group Arnault, his family office, and then he trades that into into LVMH. So LVMH now finally, as a result of this, is able to take 100% control of Dior.
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