Does Gucci Own Fendi?
When it comes to luxury fashion brands, Gucci and Fendi are two of the most highly recognizable names in the industry. Both brands have a rich history and have made significant contributions to the fashion world. However, there has been some confusion regarding the ownership of these two fashion giants.
Background on Gucci
Gucci was founded in Florence, Italy in 1921 by Guccio Gucci. The brand started as a small leather goods company and eventually grew into one of the most successful luxury fashion houses in the world. Today, Gucci is owned by French multinational luxury group Kering.
Background on Fendi
Fendi was founded in Rome, Italy in 1925 by Adele and Edoardo Fendi. The brand originally focused on fur and leather goods but eventually expanded to include ready-to-wear clothing, accessories, and fragrance. Fendi is currently owned by French luxury conglomerate LVMH.
The Relationship Between Gucci and Fendi
Despite being two separate companies with different owners, there is a connection between Gucci and Fendi. In 1999, LVMH acquired a stake in Fendi which led to a collaboration between the Italian brand and French luxury group. During this partnership, Karl Lagerfeld served as creative director for both Fendi and Chanel (which is also owned by LVMH).
In 2001, LVMH sold its stake in Fendi to Prada Group (which later sold its stake to LVMH’s rival Kering). While there was some overlap between the ownership of these two brands at one point in time, currently neither Gucci nor Fendi are owned by the same parent company.
In Conclusion
So, does Gucci own Fendi? The answer is no.
While there was a brief period of time when both brands had some shared ownership, currently they are owned by different luxury conglomerates. However, the connection between these two fashion houses continues to exist through their shared history and contributions to the world of luxury fashion.
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