Are you a fashion enthusiast who’s curious about the ownership of luxury brands? If so, you might have heard rumors that Fendi is owned by Gucci. In this article, we’ll dive into the truth behind this speculation.
What is Fendi?
Fendi is an Italian luxury fashion house that was founded in Rome in 1925. The brand initially started as a fur and leather goods company, but over time expanded to offer ready-to-wear clothing, shoes, bags, accessories, and more. Fendi has become known for their iconic double-F logo and high-quality craftsmanship.
What is Gucci?
Gucci is another Italian luxury fashion brand that was founded in Florence in 1921. Like Fendi, the company offers a wide range of products including clothing, handbags, shoes, jewelry, and more. Gucci has become known for their signature green-red-green stripe pattern and interlocking-G logo.
Are Fendi and Gucci Owned by the Same Company?
The short answer is no – Fendi is not owned by Gucci. However, there is some truth to the speculation that these two brands are connected.
Both Fendi and Gucci are owned by French luxury conglomerate LVMH (Louis Vuitton Moët Hennessy) – but not at the same time. In 1999, LVMH acquired a controlling stake in Fendi from the original founders’ family. However, LVMH sold their stake to Prada just one year later in 2000.
On the other hand, Gucci was acquired by LVMH’s biggest competitor Kering (formerly known as PPR) in 2004. Kering also owns other notable luxury brands such as Saint Laurent and Balenciaga.
Conclusion
In summary, while it is true that both Fendi and Gucci are Italian luxury fashion brands, they are not owned by the same company. Fendi was briefly owned by LVMH in 1999 before being sold to Prada, while Gucci is currently owned by Kering. However, it’s worth noting that LVMH and Kering are two of the biggest players in the luxury fashion industry and have a significant impact on the market.
So there you have it – the truth behind the rumors that Fendi is owned by Gucci. While these two brands may share some similarities, they are ultimately separate entities under different ownership.
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Background on Goyard
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