Christian Dior, every mention
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every year anyone David Rosenthal 7Ben Gilbert 3
Verbatim, from the transcripts: the passages where Christian Dior comes up
Renaissance Technologies (Audio) · Acquired
- ▶ 3:01:28 David Rosenthal But Christiane,
- ▶ 3:01:33 Ben Gilbert So for anyone who listened to the LVMH episode, remember we were talking about the groundbreaking thing that Christian Dior did was his collection, The New Look, that was a post-World War II explosion onto the scene.
- ▶ 3:02:03 Ben Gilbert The Apple TV show is this incredible drama of kind of flashbacks to the wartime experiences, harrowing wartime experiences, of Christian Dior, of Balenciaga, of Coco Chanel, and everything they went through, and how all their paths crossed.
Hermès (Audio) · Acquired
- ▶ 2:39:56 David Rosenthal So, back when Bernard was engineering his takeover of LVMH, one of the financial instruments that he used to do it was he IPO'd a 25% stake in Dior.
- ▶ 2:40:11 David Rosenthal He already owned Dior that he had gotten out of bankruptcy from Busek.
- ▶ 2:40:26 Ben Gilbert And so he was able to generate a bunch of liquid cash from all the minority shares that he sold off, but he still got to control Dior, LVMH, Group RRNO, because he was technically the majority owner of each of them.
- ▶ 2:40:40 David Rosenthal Yes, but he and LVMH didn't own this 25% minority stake in Dior.
- ▶ 2:40:56 David Rosenthal With the 25% of Dior that he doesn't own, to bring that first into Group Arnault, his family office, and then he trades that into LVMH.
- ▶ 2:41:06 David Rosenthal So LVMH now finally, as a result of this, is able to take 100% control of Dior.
- ▶ 2:41:13 David Rosenthal And in exchange for Group Arnault trading this asset into Dior,