The stock market performance of Christian Dior, Kering, and EssilorLuxottica illustrates the evolution of a luxury industry that has become one of the most highly valued in Europe over the past three decades.
Christian Dior, the big winner of the Arnault Era
Few European stocks can claim growth comparable to that of Christian Dior over the long term. To begin with, the stock never truly collapsed: the apparent decline between 1996 and 2001 was due to a 4-for-1 stock split in July 2000.
Then, at the end of 2006, the family-owned holding company’s stock was trading at 71.94 euros. Five years later, it reached 81.61 euros—a relatively modest increase of 13%, though this should be viewed in light of the fact that the financial crisis of 2008 was still unfolding. Two months later, in February 2012, the 100-euro mark was crossed.
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