Word: boussac
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Dates: during 1990-1999
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...with Arnault's "ferocious" approach in acquiring luxury-goods companies, many of which were family owned, by splitting the opposition--that is, stepping in on the side of one of two disagreeing partners and later eliminating the survivor. He did that in 1985, taking over the bankrupt firm of Boussac, which owned Dior. At the time, he promised to expand Boussac and preserve jobs; instead he shut it down, having extracted the part he wanted...