Arnault’s Bet Pays Off: Christian Dior Hits Stride With $36M Profit in ’02

PARIS — Bernard Arnault is expecting another billion-dollar baby — and it’s due in 2006 or 2007.That’s when the Christian...

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Arnault said he decided back in 1984 that the Dior name could allow several designers to coexist. "The key aspect is that all designers work with values of Monsieur Dior and therefore maintain the brand coherence," he said. "But I must say that Christian Dior is probably the only brand in the world that is powerful enough do that."

Now that Dior is on the right track, the industry is questioning where Arnault might next funnel his attention and resources. Fendi and Donna Karan have been cited as priorities at LVMH, and rumors continue to swirl around Givenchy, including the possibility that Slimane might be moved over to transform the house.

Arnault declined to address the Givenchy question, but offered: "We are full of projects for our other stars in the making. But we want to do it right, as we did with Dior. And we know it takes time."
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