Which LVMH division includes brands like Dior and Fendi?

The choice of "Fashion and Leather Goods" as the correct answer is fitting because this division encompasses some of the most iconic and prestigious brands within the LVMH portfolio, including both Dior and Fendi. The division is dedicated to high-fashion apparel, luxury accessories, and premium leather goods, which are hallmarks of the brands mentioned.

Dior, for instance, is celebrated for its haute couture and ready-to-wear fashion lines, while Fendi is particularly renowned for its luxurious handbags and innovative fashion accessories. The Fashion and Leather Goods division not only highlights the craftsmanship and creativity synonymous with these brands, but it also represents a significant segment of LVMH's prestige and commitment to luxury branding, which drives the conglomerate’s overall identity and market presence.

The other divisions, such as Wines and Spirits, Perfumes and Cosmetics, and Watches and Jewelry focus on their respective categories that do not include the fashion houses. Thus, the distinction of "Fashion and Leather Goods" is what makes it the appropriate choice when referring to Dior and Fendi.