Bernard Arnault, billionaire and chief executive officer of LVMH Moet Hennessy Louis Vuitton SE, poses for a photograph following a news conference in Paris, France, on Tuesday, April 25, 2017. Arnault moved to consolidate control over Christian Dior for about 12.1 billion euros ($13.2 billion), folding the fashion houses operations into the LVMH luxury empire in one of his biggest transactions. Photographer: Christophe Morin/Bloomberg via Getty Images