LVMH: A Timeline Behind the Building of the World’s Most Valuable Luxury Goods Conglomerate

In 1984, Bernard Arnault learned that Christian Dior was for sale. Its parent company Boussac had filed for bankruptcy and the French government was looking for a buyer for the Paris-based brand that owned a number of companies, including Dior. 35-year old Arnault – who had spent the previous 10 years heading up the construction firm founded by his grandfather – took $15 million from his family, combined it with $45 million from French financial institution Lazard Frères, and purchased Boussac in a quest to get his hands on the famed French fashion house.