Business: Dior's Biggest Summer Sale

Plenty of bidders for a fashion house with a troubled owner

For more than three decades the label, familiar to people willing to splurge on furs or lingerie, sports shirts or neckties, has been synonymous with quality, style, high price and, above all, French refinement and good taste. At the same time, Christian Dior has developed into a booming international company with more than 1,000 employees, sales last year of $220 million and handsome (but undisclosed) profits. Yet today an unfortunate link with a troubled textile behemoth makes Dior's future uncertain.

The Paris-based company is the personal property of Marcel Boussac, 89, an...

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