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When a friend paid him INR 300 for a bag, he was surprised and decided to put more effort into it and started Hidesign with a capital of INR 25,000 and one cobbler. Through his friends and family, Hidesign reached Germany, Australia, England, and USA and scaled up. A German company called Welthungerhilfe placed an order for more than 1000 bags ...
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. [19] [20] Under the deal, Prada and LVMH were obligated to acquire any of the 49 percent of Fendi, should the sisters decide to sell ...
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The House of Boucheron was then acquired by former Gucci in 2000, [12] which was bought by PPR in 2004. [13] Pierre Bouissou was appointed CEO in April 2011 [14] and was replaced by Helene Poulit-Duquesne in July 2015. [1] It has 34 boutiques worldwide and an online e-commerce website launched in 2007.
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