Fendi is a wholly-owned brand of LVMH Moet Hennessy Louis Vuitton (Euronext Paris: MC), the world's largest luxury goods conglomerate. LVMH acquired a majority stake in Fendi in 1999 and full ownership in 2001. Fendi operates within LVMH's Fashion and Leather Goods division. The brand was founded in 1925 by Adele Casagrande and Edoardo Fendi in Rome, Italy, where it remains headquartered. LVMH reported revenue of 86.2 billion euros in 2024.
Parent Company
LVMH Moët Hennessy Louis Vuitton SE
Acquired
2001
Status
Publicly Traded
Headquarters
Rome, Italy
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Fendi | LVMH Moët Hennessy Louis Vuitton SE | Wholly owned |
Adele Casagrande opened a small fur and leather shop in Rome in 1918. In 1925, she married Edoardo Fendi and renamed the business Fendi. The couple operated from a workshop on Via del Plebiscito in central Rome, producing fur coats and leather bags for Roman clientele. The business grew through the 1930s as Rome's aristocracy and wealthy visitors purchased Fendi's fur garments.
Adele and Edoardo had five daughters: Paola, Anna, Franca, Carla, and Alda. After World War II, the sisters gradually took over the family business. In 1946, the eldest, Paola, began working in the workshop. By the 1960s, all five sisters were involved in running the company. They divided responsibilities: Paola handled fur design, Anna managed leather goods, Franca oversaw sales, Carla directed commercial operations, and Alda managed the fur workshop. The sisters' involvement was unusual for Italian family businesses of the era, where sons typically inherited operational roles.
In 1965, the sisters hired Karl Lagerfeld as creative director. Lagerfeld was a German-born designer who had worked at Chloe and was simultaneously building his career at Chanel. His appointment at Fendi transformed the brand. Lagerfeld introduced the double-F logo (originally called "Zucca"), which became one of the most recognized symbols in luxury fashion. He modernized Fendi's fur designs, treating fur as a fabric rather than a status symbol, and introduced lighter, more wearable fur garments. Lagerfeld remained creative director of Fendi for 54 years until his death in February 2019, one of the longest tenures in fashion history.
Under Lagerfeld, Fendi expanded beyond fur. The brand introduced ready-to-wear collections in 1977, launched its first fragrance in 1985, and expanded into accessories and home furnishings. The Baguette bag, designed by Silvia Venturini Fendi and launched in 1997, became a cultural phenomenon. The small shoulder bag was popularized by the television series "Sex and the City," where character Carrie Bradshaw carried multiple Baguette bags. The Baguette is credited with starting the "It bag" trend of the late 1990s and 2000s.
By the late 1990s, Fendi faced financial difficulties. The company had expanded rapidly but lacked the operational infrastructure to support its growth. Debt accumulated, and the family sought a strategic partner. In 1999, LVMH and Prada jointly acquired a 51% stake in Fendi. Bernard Arnault appointed Michael Burke, an LVMH executive, to restructure the company. Burke closed unprofitable stores, reorganized production, and streamlined operations. Prada exited the partnership in 2001, selling its stake to LVMH, which then held full ownership.
After the acquisition, Fendi continued to grow under LVMH's management. The brand opened flagship stores in Paris, London, New York, Tokyo, and Shanghai. Lagerfeld continued as creative director, designing both womenswear and fur collections. Silvia Venturini Fendi, the third generation of the family, served as artistic director of accessories and menswear. She designed the Peekaboo bag in 2009, which became another commercial success for the brand.
In 2020, Kim Jones was appointed artistic director of womenswear and haute couture, taking over the ready-to-wear and couture collections while Silvia Venturini Fendi continued with accessories and menswear. Jones had previously served as artistic director of Dior Men. His appointment signaled LVMH's intention to modernize Fendi's womenswear while maintaining its Roman heritage. Jones presented his first Fendi collection in February 2021.
In October 2024, LVMH announced that Kim Jones was stepping down from his role as artistic director of Fendi womenswear and couture. Silvia Venturini Fendi assumed responsibility for the womenswear collection on an interim basis. As of August 2025, no permanent replacement for Jones has been announced.
Fendi moved its haute couture shows to Rome in 2022, presenting collections at the Palazzo della Civilta Italiana, the brand's headquarters since 2015. The building, also known as the "Square Colosseum," is a landmark of Fascist-era architecture in the EUR district of Rome. Fendi restored the building and occupies it rent-free in exchange for maintaining the structure and allowing public access to the ground floor.
What does LVMH own?
LVMH owns more than 75 luxury brands across five business segments. In Fashion and Leather Goods, the group's most valuable brands include Louis Vuitton, Christian Dior, Celine, Fendi, and Loewe. The Wines and Spirits segment includes Hennessy, Moët and Chandon, Dom Pérignon, Veuve Clicquot, and Krug. Watches and Jewelry includes Tiffany and Co., Bulgari, TAG Heuer, and Hublot. Perfumes and Cosmetics includes Guerlain, Benefit Cosmetics, and Fenty Beauty. The Selective Retailing segment includes Sephora, the world's largest prestige beauty retailer.
Is LVMH publicly traded?
Yes, LVMH Moët Hennessy Louis Vuitton SE is listed on Euronext Paris under the ticker symbol MC and is a component of the CAC 40 and Euro Stoxx 50 indices. Despite being publicly traded, the Arnault family exercises effective control through approximately 48% of voting rights, held partly through the Christian Dior SE holding company. The remaining shares are held by institutional investors and public shareholders.
Who founded LVMH?
LVMH was formed in 1987 through the merger of Moët Hennessy and Louis Vuitton, with Bernard Arnault engineering the transaction and consolidating control as Chairman and CEO. The predecessor companies have much older founding dates: Louis Vuitton's atelier was founded in 1854, Moët and Chandon in 1743, and Hennessy in 1765. Arnault is widely credited as the architect of the modern LVMH conglomerate model.
Where is LVMH headquartered?
LVMH is headquartered in Paris, Ile-de-France, France. The group's registered office is located at 22 Avenue Montaigne in the 8th arrondissement of Paris, one of the world's most prestigious luxury retail addresses. Manufacturing for the group's fashion and leather goods brands is concentrated primarily in France and Italy, preserving the artisanal heritage that underpins luxury positioning.
How many brands does LVMH own?
LVMH owns more than 75 luxury brands across its five business segments. The group does not disclose an exact count because the definition of a distinct brand versus a product line varies; some sources cite figures between 75 and 80 distinct maisons. The brands span a wide range of luxury categories including fashion, leather goods, champagne, cognac, perfume, cosmetics, watches, fine jewelry, and beauty retail.
Who owns LVMH?
LVMH is a publicly traded company, but the Arnault family exercises effective control through approximately 48% of voting rights. Bernard Arnault and his family hold their stake partly directly and partly through their holding company Agache, which controls Christian Dior SE, which in turn holds a majority economic interest in LVMH. The remaining shares are held by institutional investors and public shareholders. Bernard Arnault serves as Chairman and CEO.
What was LVMH's revenue in 2025?
LVMH reported full-year 2025 revenue of €80.8 billion, down 5% on a reported basis and down 3% on an organic basis from €84.7 billion in 2024. Profit from recurring operations was €17.8 billion, equating to an operating margin of 22%. Group share of net profit was €10.9 billion. Operating free cash flow came to €11.3 billion, up 8% versus 2024. The revenue decline primarily reflected challenging conditions in Asia and currency headwinds; organic growth returned to 1% in the second half of 2025.
Is LVMH involved in any regulatory proceedings?
LVMH has faced general regulatory attention regarding selective distribution practices in Europe and trade policy risk related to Chinese potential tariffs on European cognac and brandy exports, which would materially affect Hennessy. The group disclosed the trade tariff risk in its 2025 investor communications. No major outstanding regulatory fines or court judgments against the group were reported as of March 2026.
Fendi operates under LVMH's LIFE 360 (LVMH Initiatives For the Environment) sustainability program. LVMH has set targets including 100% renewable electricity for stores and sites by 2026, zero waste to landfill for manufacturing sites by 2030, and a 50% reduction in Scope 1, 2, and 3 emissions by 2030.
Fendi reports that 76% of its energy consumption comes from renewable sources globally as of 2024, with 100% renewable electricity in Italy, France, Spain, Netherlands, and the UK. The brand has obtained LEED (Leadership in Energy and Environmental Design) certification for 41 new stores and LEED Operations and Management certification for 52 existing stores. These certifications are issued by the U.S. Green Building Council, an independent third party.
Fendi has completed an LED lighting transition across 94% of its store surfaces as of 2024. The brand implemented an energy efficiency plan in 2022 that includes turning off store lighting between 10 p.m. and 7 a.m. and adjusting temperatures by 1 degree Celsius seasonally. These measures are reported by Fendi and have not been independently audited beyond the LEED certifications.
Fendi uses Forest Stewardship Council (FSC) certified packaging and works with Leather Working Group certified tanneries. The brand has published a biodiversity protection policy. However, Fendi does not hold independent sustainability certifications such as B Corp, Cradle to Cradle, or Global Organic Textile Standard (GOTS) certification.
The brand's use of fur remains its most significant ethical controversy. Fendi has not committed to eliminating fur from its collections. PETA and other animal rights organizations have protested Fendi's fur use repeatedly. LVMH's 2017 acquisition of the Norwegian fur auction house Charles F. Steen indicated continued commitment to fur sourcing, though LVMH sold its stake in the auction house in 2024. Fendi's fur production has decreased as a proportion of total revenue, but the brand has not announced a timeline for phasing out fur entirely.
Fendi is not certified cruelty free by Leaping Bunny or PETA. The brand uses leather, fur, and other animal-derived materials. Fendi's fragrances and cosmetics, produced through LVMH's Perfumes and Cosmetics division, are not certified cruelty free.
Good On You, an independent fashion sustainability rating platform, rates Fendi as "Not Good Enough" overall, citing the brand's use of fur, lack of transparency in supply chain labor practices, and limited evidence of environmental impact reduction. This rating is based on publicly available information and is not an audit.
Fendi has not received major independent industry awards from recognized awarding bodies that can be verified through third-party sources. The brand's recognition comes primarily from fashion media coverage and cultural impact.
The Baguette bag, designed by Silvia Venturini Fendi in 1997, is recognized as one of the most influential handbag designs in fashion history. It was featured in the Museum of Modern Art's 2017 exhibition "Items: Is Fashion Modern?" and is part of the permanent collections of several fashion museums. The bag's cultural impact was amplified by its prominent role in "Sex and the City."
Karl Lagerfeld's 54-year tenure as creative director of Fendi is one of the longest in fashion history. His work at Fendi has been the subject of museum exhibitions, including "Karl Lagerfeld: A Line of Beauty" at the Metropolitan Museum of Art's Costume Institute in 2023, which included Fendi pieces alongside his Chanel and Chloe work.
Fendi's haute couture shows, presented at the Palazzo della Civilta Italiana since 2022, have received coverage in Vogue, Harper's Bazaar, and W Magazine. These are editorial coverage, not awards.
No verified product design awards, sustainability awards, or industry leadership awards from recognized awarding bodies have been documented for Fendi as an independent brand as of August 2025. LVMH as a corporation has been recognized on the Dow Jones Sustainability Index and the CDP A List for climate disclosure, but these recognitions apply to the parent company, not Fendi specifically.
Fendi's use of fur is its most persistent controversy. Animal rights organizations including PETA, Humane Society International, and LAV (Lega Anti Vivisezione) have protested Fendi's fur collections for decades. In 2019, PETA activists disrupted Fendi's Milan Fashion Week show, projecting anti-fur messages on the venue. Unlike Gucci, Prada, Chanel, Burberry, Versace, and Michael Kors, which have all committed to going fur-free, Fendi continues to use fur. This positions the brand as an outlier among major luxury houses. LVMH's 2017 acquisition of Norwegian fur auction house Charles F. Steen drew additional criticism from animal rights groups. LVMH sold its stake in the auction house in 2024, but Fendi has not announced a fur-free policy.
In 2024, Fendi faced a cultural appropriation controversy. The brand released a collection featuring designs that critics said appropriated Indigenous Mexican textile patterns without credit or compensation to the originating communities. The controversy was covered in Mexican media and prompted calls for Fendi to acknowledge the source communities. Fendi did not issue a formal response or recall the products.
Fendi has been involved in multiple counterfeiting lawsuits. The brand has filed cases against retailers and manufacturers selling counterfeit Fendi products in the United States, China, and Italy. In 2019, Fendi won a lawsuit against Berlington, a Chinese company selling fake Fendi bags, resulting in a court order to cease sales and pay damages. Counterfeiting remains an ongoing challenge for the brand, particularly in Asian markets where fake luxury goods are widely available.
In 2015, Fendi faced criticism for its decision to move its headquarters to the Palazzo della Civilta Italiana, a building constructed during the Fascist regime of Benito Mussolini. Critics argued that the brand was glorifying Fascist architecture. Fendi responded that the building is a recognized landmark of Rome and that the company's restoration preserved an important piece of architectural heritage. The controversy subsided after the restoration was completed and the ground floor was opened to the public.
No product recalls have been issued by Fendi or LVMH for Fendi products as of August 2025. The brand has not been subject to CPSC recalls or equivalent safety recalls in the European Union or other markets.
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Lvmh | France | 1945 | Luxury | Global | Womens | |
| Tapestry Inc | USA | 1941 | Luxury | Global | Unisex | |
| Lvmh | France | 1946 | Luxury | Global | All Genders | |
| Lvmh | France | 1952 | Luxury | Global | Unisex | |
| Kering | France | 1919 | Luxury | Global | Unisex | |
| Pvh Corp | USA | 1968 | Premium | Global | All Genders |
Fashion ApparelOwned by LVMH Moët Hennessy Louis Vuitton SE
French luxury fashion house specializing in leather goods, ready-to-wear, and accessories. Owned by LVMH.
Fashion ApparelOwned by Tapestry, Inc.
American luxury handbag and accessories brand known for accessible luxury, quality craftsmanship, and iconic designs, owned by Tapestry, Inc.
Fashion ApparelOwned by LVMH Moët Hennessy Louis Vuitton SE
French luxury fashion house founded in 1946 by Christian Dior, owned by LVMH. Haute couture, ready-to-wear, leather goods, fragrance, and beauty.
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French luxury fashion house known for haute couture, ready-to-wear, and beauty products.
Fashion ApparelOwned by Kering S.A.
Spanish luxury fashion house founded in 1919, owned by Kering SA and headquartered in Paris, France. Known for architectural silhouettes, haute couture, and luxury ready-to-wear.
Fashion ApparelOwned by PVH Corp.
American fashion brand founded in New York City in 1968, known for jeans, underwear, and fragrances. Owned by PVH Corp since 2003.
Market Positioning: Fendi competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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