Big updates in the fashion world: Along with the reveal that LVMH is buying the Christian Dior Couture brand, Dior has announced a major 70th-anniversary celebration in Paris. It's set to take over Les Arts Décoratifs for a retrospective said to be the museum's largest ever fashion exhibition.
"Christian Dior, Couturier du Rêve" will feature more than 300 haute couture dresses designed from 1947 to the present day. It is scheduled to open on July 5 during Paris Couture Week and run until Jan. 7, 2018, which means you'll have a little time to book that flight to France.
On Tuesday morning Bernard Arnault, chairman and chief executive of LVMH Moët Hennessy Louis Vuitton, announced that his conglomerate would be taking control of Dior in a $13.1 billion deal. According to the New York Times, the move would consolidate control of the prestigious fashion house. LVMH, which already owns Parfums Christian Dior, would now own Christian Dior and its haute couture, leather, men's and women's ready-to-wear, and shoe businesses.
The move is the latest in a series of big ones taken by Dior. In July, Maria Grazia Chiuri was appointed the seventh and first-ever female artistic director of the fashion house.
"It is a great honor to be joining the house of Dior; I measure the tremendous responsibility of being the first woman in charge of the creation in a house so deeply rooted in the pure expression of femininity," Chiuri said in a statement at the time. "The endless wealth of its heritage continues to be a constant source of inspiration for fashion, and I cannot wait to express my own vision."