Who Owns Dior?
Updated onExplore the ownership hierarchy of Dior. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
Dior
Dior is a French luxury fashion and beauty house offering haute couture, ready-to-wear, leather goods, accessories, fragrances, makeup, and skincare worldwide.
Starts at $15
Financière Agache
Financière Agache is a private French investment holding company controlled by the Arnault family that serves as the main shareholder of luxury groups Christian Dior SE and LVMH and manages a diversified portfolio of investments.
Agache
Agache is the French family holding company (Agache SCA) controlled by Bernard Arnault and his family, serving as the ultimate parent of Financière Agache and the vehicle through which they control major stakes in Christian Dior SE and LVMH SE.
Dior
Dior is a French luxury fashion and beauty house offering haute couture, ready-to-wear, leather goods, accessories, fragrances, makeup, and skincare worldwide.
Starts at $15
Financière Agache
Financière Agache is a private French investment holding company controlled by the Arnault family that serves as the main shareholder of luxury groups Christian Dior SE and LVMH and manages a diversified portfolio of investments.
Agache
Agache is the French family holding company (Agache SCA) controlled by Bernard Arnault and his family, serving as the ultimate parent of Financière Agache and the vehicle through which they control major stakes in Christian Dior SE and LVMH SE.
Major Shareholders
Dior
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Christian Dior SE Largest direct shareholder of LVMH (ticker MC). As of Dec 31, 2023, Christian Dior SE held about 42% of LVMH’s share capital and 57% of the voting rights. Christian Dior SE itself is about 97.5% owned by the Arnault family via their holding company Financière Agache, so this block is effectively under Arnault family control. | Corporate | 42.0% | 57.0% | Dec 2023 |
Arnault Family (Groupe Familial Arnault) – direct holdings Bernard Arnault and his family hold an additional direct stake in LVMH outside Christian Dior SE of roughly 7% of the share capital and 8% of voting rights as of Dec 31, 2023. Taken together, Christian Dior SE plus these direct holdings give the Arnault family effective control of roughly half of LVMH’s equity and about two-thirds of its voting power. | Family | 7.0% | 8.0% | Dec 2023 |
Other institutional and retail investors (free float) The remaining c.51% of LVMH’s share capital and about 35% of voting rights is widely held by numerous institutional and retail investors worldwide, each with relatively small positions (generally well below 5%). Major identified holders include various asset managers and pension funds, but none approaches the scale of the Arnault/Christian Dior stakes. | Other | 51.0% | 35.0% | Dec 2023 |
Financière Agache
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Arnault family group (Bernard Arnault & family) Ultimate beneficial owner of Financière Agache SA via 100% ownership of its parent Agache SCA. Agache SCA’s share capital is entirely held by the Arnault family group, and Agache (formerly Groupe Arnault) describes Financière Agache as its 100%-owned subsidiary. Control of Agache SCA is exercised by general partner Agache Commandité SAS, whose capital is held equally by Bernard Arnault’s five children following the 2022 reorganization, but the economic capital remains within the Arnault family group. | Family | 100.0% | 100.0% | Jul 2022 |
Agache SCA Direct parent and sole shareholder of Financière Agache SA. French corporate and encyclopedia sources list Agache SCA as the shareholder and controlling company of Financière Agache, rather than any dispersed investor base, indicating that Agache SCA owns 100% of Financière Agache’s share capital. Agache SCA is itself the Arnault family’s main holding vehicle above Christian Dior SE and LVMH. | Corporate | 100.0% | 100.0% | — |
Agache
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Arnault family group (Bernard Arnault and his five children) Agache SCA’s capital and its general-partner vehicle Agache Commandité SAS are effectively controlled by Bernard Arnault and his five children, who own Agache Commandité SAS in equal parts. AMF filings on the 2022 reorganisation state that Agache’s share capital is entirely held by the Arnault family group as limited partners, with management control exercised by Agache Commandité; later governance reporting indicates that, after reserving a 19% limited-partner stake for Dominique Arnault’s children, the residual c.81% of Agache’s capital is attributable to this core Arnault branch. Shares are generally locked until around 2052, and Bernard Arnault retains unlimited management powers through Agache Commandité into advanced age, ensuring continued family control. | Family | 81.0% | Oct 2023 |
Watine-Arnault family branch (Ludovic and Stéphanie Watine) Public succession-governance analyses of the Arnault structure report that Ludovic and Stéphanie Watine, the children of Bernard Arnault’s late sister Dominique, are limited partners in Agache with purely economic (patrimonial) rights and no management authority, together holding about 19% of the holding company’s capital. This 19% stake is repeatedly cited as their combined interest in Agache in coverage of the 2023 restructuring that locked family ownership for roughly 30 years. | Family | 19.0% | Oct 2023 |
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