PARIS—French billionaire Bernard Arnault on Tuesday announced a plan to take full control of Christian Dior SE, saying his family is proposing to pay €12 billion ($13.04 billion) for the stake in the fashion company it doesn’t already own. The plan will allow the French luxury conglomerate LVMH Louis Vuitton Moët Hennessy SE to take control of Christian Dior Couture, Christian Dior’s operating subsidiary. The Arnault family controls...

Source: Wall Street Journal April 25, 2017 06:20 UTC