7 Fashion Brands You Didn’t Know are Owned by Other Brands
While many of us enjoy fashion for its artistry and innovation, taking a look behind the scenes at the business ventures that power the industry can be just as exciting. Recently, VF Corp—owner of brands including Timberland, The North Face, Dickies, and Vans—aquired Supreme for $2.1 billion, a decision that sparked conversation surrounding streetwear and its current standing in mainstream fashion. Tiffany & Co. has also made headlines for its sale to LVMH, which was originally set at $16.2 billion when it was announced in 2019 (poised to be the biggest deal ever in the luxury industry) but was recently finalized for $15.8 billion.
While LVMH and its competing fashion conglomerate Kering are known for owning some of the biggest names in fashion—such as Louis Vuitton, Fendi, and Celine for the former, and Gucci, Balenciaga, and Saint Laurent for the latter—there are a number of labels you may not realize are tied to other companies. If you're looking to delve further into unexpected fashion business deals, L'OFFICIEL gathers six brands you might not know are owned by other brands.
Versace
The Michael Kors brand sealed itself as a fashion conglomerate when it bought Versace for $2.1 billion in 2018. Kors' luxury group, renamed Capri Holdings after the monumental purchase, also owns Jimmy Choo, which it acquired a year earlier.
Fenty
Among Rihanna's more well-known business ventures like Fenty Beauty and Savage X Fenty is the singular Fenty, her luxury fashion house. It launched as LVMH's first brand headed by a woman of color. With the support of the luxury conglomerate, Fenty produces Rihanna-approved ready-to-wear and accessories.
Kate Spade
Kate Spade, most notably known for its playful handbags, was aquired by its fellow New York rival Coach, Inc. in 2017 for $2.4 billion. Now known as Tapestry, the fashion conglomerate also owns luxury shoe brand Stuart Weitzman.
Zara
With 82 locations in the U.S. alone, it's easy to think of Zara as its own corporation. The fast fashion chain, however, is owned by Inditex, a Spanish clothing company that also owns Massimo Dutti, Pull & Bear, and Bershka.
Converse
Converse, a staple sneaker brand for many, was acquired by Nike for $309 million in 2003. Nike revived the Chuck Taylor All-Stars, which has since served as a canvas for an abundance of collaborations and interpretations.
Miu Miu
Founded in 1992 Miuccia Prada, who took over her family's eponymous fashion house in 1978, Miu Miu serves as a more whimsical counterpart to the long-standing sophistication of Prada. As head designer of Miu Miu and co-creative director of Prada (alongside Raf Simons), she has described her creative process with Miu Miu as "not as complicated and thought out as Prada."
Cartier
Founded in 1847 in Paris, Cartier has long been a beacon of luxury thanks to its fine jewelry and timepieces. While still based in Paris, Cartier is owned by Swiss holding company Richemont, which also includes Van Cleef & Arpels, Alaïa, and the Yoox Net-a-Porter Group.
