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LVMH owner appoints daughter to run Dior

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The owner of Luxury group LVMH has appointed his daughter to run Christian Dior.

Delphine Arnault was named chair and CEO of the French label.

Arnault's father, Bernard Arnault, said her "keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior."

Read more from CNN.

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