In 1984, Bernard Arnault discovered that Christian Dior was available for purchase. The parent company of Dior, Boussac, had declared bankruptcy, and the French government sought a buyer for the struggling textile empire, which included the renowned fashion brand. At the time, Arnault, who was 35 years old, had been leading a construction firm established by his grandfather for the past decade. In a determined effort to acquire the prestigious French fashion house, Arnault combined $15 million from his family with $45 million from the French financial institution Lazard Frères and bought Boussac.
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