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Fendi was a family-controlled company until 1999, when Prada and LVMH, the world's biggest luxury goods group, joined to buy 51 percent of Fendi for $545 million; competitor Gucci lost out in the bidding process.
Flos B&B Italia Group (formerly Design Holding) is a global conglomerate in high-end design that encompasses a portfolio of brands including B&B Italia, Flos, Louis Poulsen, Maxalto, Arclinea, Azucena, Fendi Casa, Audo and Lumens. [1] [2] [3] Daniel Lalonde became the CEO of Flos B&B Italia Group in August 2021. [4]
The company is listed on the Euronext Paris exchange [57] and is a constituent of the CAC 40 index. As of 2009, the group employed more than 83,000 people, [ 58 ] 30 percent of LVMH's staff worked in France, and LVMH operated over 2,400 stores worldwide.
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To help pay off debts of over US$850 million, the company planned on listing 30% of the company on the Milan Stock Exchange in June 2001. However, the offering slowed down after a decline in spending on luxury goods in the United States and Japan. In 2001, under the pressure of his bankers, Bertelli sold all of Prada's 25.5% share in Fendi to LVMH.
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Fendi: Consumer goods Clothing & accessories Rome: 1925 Luxury fashion P A Ferrari: Consumer goods Automobiles Maranello: 1939 Road and race cars P A Ferrero SpA: Consumer goods Food products Alba: 1946 Food, Nutella: P A Ferretti Group: Industrials Shipbuilding Forlì: 1968 Shipbuilding P A Ferrovie dello Stato Italiane: Consumer services ...
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