Evidence receipt / belief
Published · transcript-backedDavid Rosenthal: belief
21 Feb 2023 Acquired LVMH
“The Boussac entity itself, I think, had been renamed Agache after the Willot initial bankruptcy.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 21 Feb 2023
- Publisher
- Acquired
- Episode
- LVMH
Transcript context
…No. Do you know how much of Dior he owned at this point? I think at this point, he's formed Groupe Arnault, which is his family office. You can think of Groupe Arnault as Bernard's personal wealth. They owned some percentage, but not all of the Boussac-Dior holdings at this point. The Boussac entity itself, I think, had been renamed Agache after the Willot initial bankruptcy. Groupe Arnault owns a majority stake in Agache, which owns a majority stake in Dior. Dior and Bon Marche are the only assets left. There are four levels of Russian doll of legal structure here. Right, but he's got majority economics and majority control in Le Bon Marche and Dior by this point. It's an interesting thing to observe here. It's a playbook theme that I want to pull early that the efficient market hypothesis is not exactly correct.…
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