Dior Achieves All-time High Stocks After Announcing BTS’s Jimin As Its Global Ambassador
On January 16, the fashion house Dior unveiled BTS member Jimin as their new global ambassador. With this, Jimin became the first Asian male to be appointed Dior’s global brand ambassador, giving fans a huge milestone to celebrate. But on the business side, it looks like Dior got the maximum value out of this deal.
Dior has maintained its hold as a luxury fashion house for decades. In 2022, it was named the second most popular luxury brand in the world by Luxe Digital. To become a representative of such a legacy brand is in itself a huge achievement. But Jimin has brought on more to the table.
According to data from investing.com, Dior achieved their all-time highest stocks after Jimin was announced as its newest brand ambassador.
The brand has been on the stock market since 1992. After the announcement on January 16, the stock price went up to €775.50 EUR on the same day. By January 18, the price went up to €789.00 EUR, hitting an all-time high in 31 years.
Dior achieved their ALL-TIME highest stocks after announcing Jimin as their global ambassador.
Dior is on stock market since 1992, so it’s their highest stock price in 31 years. pic.twitter.com/3UJ38uQYSx
— milenna⁷ | jihope in paris (@taesoothe) January 18, 2023
BTS members are no strangers to driving up brand values. When Louis Vuitton signed the entire group as their house ambassadors in 2021, they also achieved an all-time peak in the stock market.
Fun fact, Louis Vuitton also achieved their ALL-TIME highest stock after announcing BTS as their global ambassadors.
LVMH after the news for the 1st time ever surpassed $600k stock price and saw a raise of +58k compared to previous month. https://t.co/QijWT5rUQs pic.twitter.com/Y74FCCv1fR
— milenna⁷ | jihope in paris (@taesoothe) January 18, 2023
Even when they are not ambassadors, a mere association between a company and BTS has driven up their sales like crazy in the past. Now that each of the members is accepting individual endorsement deals, it will be interesting to see how far their star power could elevate the brands they represent!
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