I think it is a tumultuous time in Fendi-land. The buckle bags were not as big of a hit as the other bags. Some of the Spy bags are lovely and some aren't. My example would be the plastic looking one with the red and white F's on it.
The vanities and the baguettes are not as in style, although I will keep mine forever.
I still love my two Spy Bags and would get another if I find the right one, so don't worry Fendi will survive. I think they started in 1925 or 1926.