The Ledger
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Arnault acquired Boussac specifically to get Dior and eventually LVMH
“Bernard targets Boussac because he wants Dior. That is the first in a chain of events that's going to eventually lead him to overtaking and taking over LVMH.”
Arnault turned the failing Boussac conglomerate into $100M cash flow quickly
“I think in a couple of years from now on the acquired episode, they said he was within like two or three years, took a failing asset and wind up producing like a hundred million in, in cashflow.”
Boussac was France's largest bankruptcy, losing 100 million francs monthly
“Was the largest industrial bankruptcy bankruptcy in France, in French history at the time. And the public authorities in France are anxious to rid themselves of a business that was losing them a hundred million francs a month.”