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.

Women's handbags and purses, Handbags, Women's Handbag and Purse Manufacturing, Consumer goods industry, Leather industry, Leather handbags, Fendi S.p.A.

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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.

Retail Trade, Retail industry, Pinault-Printemps-Redoute

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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.

Abstract, Fendi

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