Does Fendi Own Versace?

If you’re a fashion enthusiast, you may have heard rumors about Fendi owning Versace. But is it true? Let’s take a closer look.

The History of Fendi and Versace

First, let’s talk about the history of these two iconic fashion brands. Fendi was founded in Rome in 1925 by Adele and Edoardo Fendi. The brand started as a fur and leather goods shop and has now expanded to include ready-to-wear clothing, accessories, and fragrances.

On the other hand, Versace was founded in Milan in 1978 by Gianni Versace. The brand quickly gained popularity for its bold designs and flashy prints. After Gianni’s untimely death in 1997, his sister Donatella took over as creative director for the brand.

Does Fendi Own Versace?

Now, let’s get to the question at hand – does Fendi own Versace? The answer is no, Fendi does not own Versace.

Fendi is actually owned by LVMH Moët Hennessy Louis Vuitton SE, a French multinational luxury goods conglomerate. LVMH also owns other luxury brands such as Louis Vuitton, Dior, and Givenchy.

Versace, on the other hand, is owned by Capri Holdings Limited (formerly Michael Kors Holdings Limited). Capri Holdings also owns other fashion brands such as Michael Kors and Jimmy Choo.

Conclusion

In conclusion, while both Fendi and Versace are top luxury fashion brands with Italian roots, they are not owned by the same company. Fendi is owned by LVMH while Versace is owned by Capri Holdings Limited.

It’s important to note that despite not being under the same ownership, both brands continue to create stunning designs that capture the essence of Italian luxury fashion.