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.
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