An Accessory to Profit. Fendi's Handbags Help Feed the Ambitions of a Pair of Fashion Moguls. So Far, Everyone's Getting Along
Article Abstract:
Bernard Arnault (Chairman of LVMH Moet Hennessy Louis Vuitton SA) and Patrizio Bertelli (owner of Prada Holding Ltd.) outbid Gucci Group NV to buy Fendi from the family, paying 1 trillion Lire.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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Battle of the billionaires ends with PPR in control of Gucci
Article Abstract:
Pinault Printemps-Redoute S.A. (PPR) has reached a deal to acquire controlling interest in Gucci Group N.V. LVMH Moet Hennessy Louis Vuitton S.A. reached a compromise to sell Gucci to PPR.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2001
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LVMH and Prada acquire controlling stake in Fendi
Article Abstract:
LVMH Moet Hennessy Louis Vuitton SA and Prada Holding BV have both acquired a controlling share in Fendi, a fashion house based in Italy. The transaction gives Fendi a value of at least $850 million (798 million euros). The acquisition represented the continuing consolidation of the luxury industry. LVMH and Prada are forming a jointy-controlled firm that will acquire a minimum of 51% of Fendi.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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