Bernard Arnault acquired the Boussac group in 1984

In 1984, Bernard Arnault took over the Boussac group while he was still only a small real estate developer. This textile group in great difficulty then owned prestigious brands such as Christian Dior, Le Bon Marché, Conforama and Peaudouce. To carry out this operation with the support of the Lazard bank, he committed himself in a forty-four page document to preserve 12,252 jobs out of the 16,000 that the structure then had.