There has been a lot of speculation and confusion surrounding the ownership of two of the most popular luxury fashion brands in the world: Prada and Fendi. Many people have asked if Prada owns Fendi or if they are two separate entities. In this article, we will take a closer look at the history and ownership structure of both brands to find out the truth.
The History of Prada
Prada is an Italian luxury fashion house that was founded in 1913 by Mario Prada. Initially, the company specialized in leather goods such as handbags, suitcases, and trunks. However, in the 1980s, Miuccia Prada took over the company and transformed it into a world-renowned fashion brand.
Today, Prada is known for its high-end clothing, accessories, fragrances, and footwear. The brand has stores all over the world and is a favorite among celebrities and fashion enthusiasts.
The History of Fendi
Fendi is another Italian luxury fashion house that was founded in Rome in 1925 by Adele Casagrande. The brand started as a fur and leather shop but quickly expanded into other areas like ready-to-wear clothing, accessories, eyewear, fragrances, and home furnishings.
In 1965, Karl Lagerfeld joined Fendi as its creative director and helped elevate the brand to new heights. Today, Fendi is known for its iconic double-F logo patterned bags and accessories.
Does Prada Own Fendi?
The short answer to this question is no – Prada does not own Fendi. However, there is some history between the two brands that has led to confusion among consumers.
In 1999, LVMH (Louis Vuitton Moet Hennessy) acquired a controlling stake in Fendi from its founders. At this time, Prada also owned a stake in Fendi. However, in 2001, Prada sold its stake to LVMH, which meant that LVMH became the sole owner of Fendi.
Since then, Fendi has remained under the ownership of LVMH and has continued to thrive as a luxury fashion brand.
The Bottom Line
In conclusion, while there is a bit of history between Prada and Fendi, they are two separate entities and are not owned by the same company. Prada is still owned and operated by the Prada family, while Fendi is owned by LVMH.
Knowing the ownership structure of your favorite fashion brands can be helpful when making purchasing decisions or just for general knowledge. We hope this article has cleared up any confusion you may have had about the relationship between Prada and Fendi!
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