Christian Dior's 1947 'New Look' collection β featuring cinched waists, padded hips, and below-the-knee skirts β transformed post-war fashion overnight and declared that Paris was once again the world's fashion capital after years of wartime austerity. The Dior brand now generates over $10 billion annually and forms the centerpiece of the LVMH empire that Dior's business partner Boussac helped create.

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