The family of French billionaire Bernard Arnault plans to simplify its ownership structure for luxury group LVMH by merging Financiere Agache with Christian Dior SE. Christian Dior would be delisted, after which Agache would take direct control of 49.76% of LVMH and 65.55% of its voting rights. The transaction is expected in December and would include a tender offer for the 2.44% of Dior shares Agache does not own, at a price to be determined using LVMH’s market share price. The restructuring is intended to secure the family’s long-term control, while shares in the new Agache entity are not planned to be delisted.