Fendi is an Italian designer of luxury merchandise. The company is well known for its "baguette" handbags. It was launched in 1925 by Edoardo and Adele Fendi, as a fur and leather shop in Via del Plebiscito, Rome; but today is a multinational luxury goods brand owned by LVMH. Karl Lagerfeld is the creative director.
The Fédération Monégasque de Voile is the national governing body for the sport of sailing in Monaco, recognised by the International Sailing Federation. This organisation is in effect part of the Yacht Club de Monaco which is the only Sailing Club in the Country.