Latest news for Christian Dior (OTC:CHDRY) Stock

Christian Dior

Christian Dior SE is a holding company with full ownership of Christian Dior Couture and a controlling interest in LVMH. Christian Dior Couture sells apparel, leather goods, jewelry, and accessories under various Dior brands. The majority of sales are through its retail stores. Through LVMH, the company operates the following business groups: wines and spirits, fashion and leather goods, watches and jewelry, perfumes and cosmetics, and selective retailing. LVMH has dozens of brands throughout its businesses, including Dom Perignon, Hennessy, Louis Vuitton, Fendi, TAG Heuer, and Sephora. The company's revenue is distributed throughout Europe, Asia, and the United States.

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Chanel Owners Pocket $5B Windfall On Post-Pandemic Boom: Bloomberg

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<ul>
	<li>French luxury fashion brand&nbsp;Chanel&rsquo;s&nbsp;owners raked in&nbsp;a $5 billion windfall in 2021,&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-06-10/chanel-owners-get-5-billion-in-dividends-as-sales-of-luxury-goods-boom?srnd=premium#xj4y7vzkg" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Bloomberg reported</a>.</li>
	<li>Citing the U.K. filings, the report noted Wertheimer family, which owns the brand, got two $2.5 billion dividends in 2021 through their Cayman Islands-based holding company.</li>
	<li>The surge in the global demand for Chanel&rsquo;s products shot the owner&rsquo;s fortunes to new highs.</li>
	<li>Specifically, the report cited Bloomberg Billionaires Index that the Wertheimers&rsquo; net worth skyrocketed 37% in 2022 to $90 billion.</li>
	<li>The company looks to invest $1 billion in 2022 and plans to hire more than 3,500 workers, the report added.</li>
	<li>Photo Via Company</li>
</ul>

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Latest news for Christian Dior (OTC:CHDRY) Stock

Friday, June 10, 2022