The purchase will make LVMH's dominance in the luxury market even stronger, and will likely counter the effects of a waning luxury market , considering Dior has really been on a roll recently. The luxury house's revenue has doubled in the past few years — first under the leadership of Raf Simons, and then Maria Grazia Chiuri — with its reported revenue in excess of $39.5 billion . LVMH's acquisition of Dior is expected to close in the second half of 2017.