Dior , LVMH
Christian Dior S.A. remains a leader in the world of fashion after more than 50 years. Yet Christian Dior has grown far beyond its high fashion origins to become one of the world's leading luxury goods holding companies, through LVMH Moët Hennessy Louis Vuitton, led by Bernard Arnault. While Christian Dior continues to lend its name and prestige as the parent company to Arnault's luxury goods empire, it remains a tiny part of the company's overall sales. With EUR 350 million in sales, Christian Dior Couture represents just 2 percent of the company's total sales of more than EUR 12 billion in 2001. Christian Dior S.A. is organized into two main divisions: Christian Dior Couture and LVMH. The latter includes holdings in Wine & Spirits (Moët & Chandon, Dom Pérignon, Veuve Clicquot, Krug, etc.); Watches & Jewelry (TAG Heuer; Ebel; Zenith); Fashion & Leather Goods (Louis Vuitton, Givenchy, Donna Karan, Christian Lacroix, Kenzo); Selective Retailing (DFS; Sephora; Le Bon Marché; La Samaritaine); and Perfumes & Cosmetics (Parfums Christian Dior; Guerlain; Parfums Givenchy; Kenzo Parfums). Other LVMH interests include Art & Auction magazine and the Tajan art auction house. Yet Christian Dior Couture remains the company's flagship--and icon of the worldwide fashion industry--and the primary subject of this profile. John Galiano has served as the fashion house's artistic director since 1996 and is credited with revitalizing the company's image. Since 2001, Galiano has been seconded by Hedi Slimane, in charge of creating a new men's line for the house. In addition to its haute couture apparel, Christian Dior operates a network of 130 boutiques around the world.
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