The House of Dior was established on 16 December 1946, in "a private house"[3] at 30 Avenue Montaigne Paris B. However, the current Dior corporation celebrates "1947" as the opening year.[3] Dior was financially backed by wealthy businessman Marcel Boussac.[3][6] The new couture house became a part of "a vertically integrated textile business" already operated by Boussac.[6] Its capital was at FFr 6 million and workforce at 80 employees.[6] The company was really a vanity project for Boussac and was a "majorly owned affiliate of Boussac Saint-Freres S.A. Nevertheless, Monsieur Dior was allowed a then-unusual great part in his namesake label (legal leadership, a non-controlling stake in the firm, and one-third of pretax profits) despite Boussac's reputation as a "control freak". Monsieur Dior's creativity also negotiated him a pleasant salary.[6]